MDA signs contract in excess of CA$100 million to provide communications payload for Israeli AMOS-6 satellite
RICHMOND, BC, Dec. 10, 2012 /CNW/ – MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed a contract in excess of CA$100 million with Israel
Aerospace Industries Ltd. to supply the communications payload solution
for the AMOS-6 satellite to be launched in 2015. In June 2012, MDA announced it had started work on this contract under an
Authorization To Proceed.
MDA is a unique global communications and information company providing
operational solutions to commercial and government organizations
MDA’s business is focused on markets and customers with strong repeat
business potential. In addition, the Company conducts a significant
amount of advanced technology development.
MDA’s well-established global customer base is served by more than 5,000
employees operating from 18 offices located in the United States,
Canada, and internationally.
The Company’s common shares trade under the symbol TSX:MDA.
Israel Aerospace Industries (IAI) is one of Israel’s leading
technological-industrial companies with around 16,500 employees, and
generates annual sales of approximately US$3.3 billion. The Company has
gained worldwide recognition as the leader in the development of
aviation and aerospace technology in the military and civilian markets
IAI provides Israel Defense Forces (IDF) and its foreign customers with
unique, high-quality technological solutions that meet a wide range of
needs on the ground, in the sea, in the air, in space and in the field
of homeland security. The Company is a world leader in a wide range of
advanced technologies, including development, production, renovation,
upgrading, repair and maintenance of aircraft, missiles, launchers,
communications satellites, observation satellites and ground services,
electronic systems, avionics systems, advanced radar, precision-guided
munitions and unmanned aerial vehicles.
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. 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 underlying
contracts, including those with any government agency, 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 changes in government priorities,
funding levels, contracts and regulations; failure of third parties and
subcontractors; satellite failure and failure of systems to meet
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 at www.sedar.com or on the Company’s website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.