MDA awarded further work in satellite servicing demonstration for US Government
RICHMOND, BC, Nov. 20, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
("MDA" or the "Company") (TSX: MDA), a global communications and information
company, announced today that it has been selected for additional robotics
work for the U.S. Defense Advanced Research Projects Agency (DARPA) Phoenix
Program. MDA has started work under the next phase of the Phoenix Program,
with related contracts expected to total approximately US$10 million. The
work will be carried out by both MDA and SSL.
Already a key participant in the DARPA Phoenix program, MDA intends to provide
a variety of servicing technologies and capabilities that build on MDA's world
leading capabilities, which include a 35-year heritage of robotics development
and recent on-orbit servicing demonstration successes. Details of the original
announcement were provided in the Company's news release dated October 18,
Under these contracts, MDA seeks to develop advanced robotic tools, cameras,
tool caddies and a new flexible, small robotic arm for the Phoenix mission.
"We are pleased to be providing the critical robotics for the Phoenix
mission," said Don Osborne, MDA's vice president responsible for this
business. "The Phoenix mission aims to demonstrate several technologies and
[Distribution Statement A: Approved for Public Release, Distribution Unlimited]
MDA is a global communications and information company providing operational
solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business
potential. In addition, the Company conducts a significant amount of advanced
MDA's well-established global customer base is served by more than 4,500
employees operating from 11 offices located in the United States, Canada, and
The Company's common shares trade under the symbol TSX:MDA.
Related Websites: www.mdacorporation.com
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA" or
the "Company") with respect to future events and financial performance. The
forward-looking statements in this regard include statements regarding the
award of a contract related to a government project. Any such
forward-looking statements are based on MDA's current expectations, estimates,
projections and assumptions in light of its experience and its perception of
historical trends. The factors and assumptions underlying the
forward-looking statements in this release include contracts not being
terminated. Any such forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results to differ materially
from current expectations. MDA cautions readers that should certain risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary significantly from those expected. The risks that
could cause actual results to differ from current expectations include, but
are not limited to, changes in government priorities, mandates, policies,
funding levels, contracts and regulations, partial or complete termination of
a government funded project, failure of third parties and subcontractors,
failure of systems to meet performance requirements and failure to anticipate
changes in technology, technical standards and offerings or compliance with
the requisite standards.
For additional information with respect to certain of these risks or factors,
plus additional risks or factors, reference should be made to the Company's
continuous disclosure materials filed from time to time with Canadian
securities regulatory authorities, which are available online under the
Company's profile at www.sedar.com or on the Company's website at
The Toronto Stock Exchange has neither approved nor disapproved the form or
content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.
Wendy Keyzer MDA External Relations (604) 231-2743 firstname.lastname@example.org
To view this news release in HTML formatting, please use the following URL:
CO: MacDonald, Dettwiler and Associates Ltd.
ST: British Columbia
NI: ARO SOF ORDER
-0- Nov/20/2013 23:31 GMT
Press spacebar to pause and continue. Press esc to stop.