Further update on RADARSAT Constellation Mission contract
For immediate release: June 16, 20
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA),
a provider of essential information solutions, announced today that the
Canadian Space Agency has extended its authorization for the Company to
continue its work on the Design Phase (Phase C) of the RADARSAT
Constellation Mission. This Authorization to Proceed is for $26.4
Million (CAD).
About MDA
MDA
provides advanced information solutions that capture and process vast
amounts of data, produce essential information, and improve the
decision making and operational performance of business and government
organizations worldwide.
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of information solutions, ranging from
complex operational systems, to tailored information services, to
electronic information products.
The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
Related Websites:
www.mdacorporation.com
www.asc-csa.gc.ca
Forward-Looking Statements
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 extension of an authorization to proceed with
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 the government agency being
finalized and executed. 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;
satellite failure; and failure to anticipate changes in technical
standards and products offerings or comply with requisite standards;
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 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.
For more information, please contact:
Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com


