MDA signs $81 million contract to support the Canadian robotics on the International Space Station
RICHMOND, BC, March 28, 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 contract with the Canadian Space Agency valued at CA$81 million (excluding GST/PST) to provide sustaining engineering and operational support for its robotic elements on the International Space Station (ISS) through December 2015.
MDA's robotic systems played a critical role in the construction of the Space Station. With construction of the station complete, robotics continue to play a vital role in on-going operations—from berthing visiting vehicles such as the SpaceX Dragon and Japanese HTV spacecraft to performing ground-breaking technology demonstrations.
"We have a long history of supporting human spaceflight activities and are committed to providing critical capabilities to meet the future needs of the ISS," said Don Osborne, the vice president responsible for this business.
MDA is the prime contractor to the Canadian Space Agency for the Mobile Servicing System, which consists of Canadarm2, Dextre, and the Mobile Base System. From inception to operation, MDA's innovative solutions have demonstrated flexibility and utility in building and maintaining the ISS.
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 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 a government 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 contracts 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, but are not limited to, changes in government priorities, mandates, policies, funding levels, contracts and regulations; risks inherent with the launch, deployment and operation of space-based robotic systems; failure of third parties and subcontractors; and failure of systems to meet performance requirements.
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.
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