MDA signs agreement for up to $10 million per year for radar information
RICHMOND, BC, May 3, 2013 /CNW/ – MacDonald, Dettwiler and Associates
Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, announced today that
it has signed a five year agreement with a confidential customer to
supply space-based radar surveillance and intelligence information,
with a ceiling of CA$50 million.
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 4,500
employees operating from 11 offices located in the United States,
Canada, and internationally.
The Company’s common shares trade under the symbol TSX:MDA.
This news 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 news release include
contracts with any customer 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 customer priorities, mandates,
policies, funding levels, contracts and regulations; failure of third
parties and subcontractors; degradation in performance or complete or
partial loss of a satellite; and failure of radar information and
surveillance systems and other associated systems to meet performance
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 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.