MDA to upgrade DigitalGlobe Production System and provide operational support
RICHMOND, BC, Feb. 28, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a provider of essential information solutions, announced today that
it has signed two contracts with DigitalGlobe Inc. Under the first
contract, MDA will upgrade the WorldView Production Segment
headquarter’s systems previously delivered by MDA to provide full
support for the WorldView-3 satellite. WorldView-3, scheduled for
launch in 2014, is expected to be the first multi-sensor,
super-spectral, high resolution commercial satellite.
Under the second contract, MDA will provide operational support and
enhancements to the Production Segment headquarter’s systems. These
systems process information from DigitalGlobe’s constellation of
imaging satellites to generate a wide variety of image products. MDA’s
systems are in operation 24/7 year-round, to help DigitalGlobe support
its worldwide government and commercial customers.
MDA is a 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 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 two (2) contracts. 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, partial or complete failure of a satellite,
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
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.