MDA contracted to deliver the national communications satellite system of Ukraine
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a $254 million dollar (US) contract to provide a communication satellite system to the National Space Agency of Ukraine (NSAU). The financing for this project is provided by Export Development Canada (EDC).
For immediate release: December 15, 2009
Richmond, B.C. - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that it has signed a $254 million dollar (US) contract to
provide a communication satellite system to the National Space Agency of Ukraine
(NSAU). The financing for this project is provided by Export Development Canada
(EDC).
As Prime Contractor, MDA will build and launch a geostationary
communications satellite and provide two satellite control centers and other
associated ground infrastructure. The communications satellite will support
direct broadcast television and high-speed Internet access to the country of
Ukraine and surrounding areas. MDA
and the Ukrainian Space Agency are finalizing specifications, and other
requirements, over the next succeeding months.
Mr. Zinchenko, President
of NSAU said, ‘We are very excited for this contract award, which is the first
major step in a long-term strategic partnership between NSAU and MDA in the
fields of satellite communications and Earth observation.’
Don Osborne,
the vice president responsible for this business said, ‘This is the second large
win for MDA in the Commonwealth of Independent States. This opportunity is
particularly exciting as it has brought together best in class Canadian
information solutions with financing from EDC to meet the needs of the Ukraine
National Space Agency.’
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.
MDA employs
more than 3,200 people in locations across the United States, the United Kingdom, and Canada. The
Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
About
EDC
EDC is Canada’s export
credit agency, offering innovative commercial solutions to help Canadian
exporters and investors expand their international business. EDC’s knowledge and
partnerships are used by more than 8,300 Canadian companies and their global
customers in up to 200 markets worldwide each year. EDC is financially
self-sustaining, a recognized leader in financial reporting and economic
analysis, and have been named as one of Canada’s Top 100 Employers for nine
consecutive years.
Related
Websites:
www.mdacorporation.com
www.edc.ca
Forward-Looking
Statements
This release contains forward-looking
statements and information, which reflect the current view of MacDonald,
Dettwiler and Associates Ltd. 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. Any such
forward-looking statements are subject to risks and uncertainties and MDA’s
actual results of operations could differ materially from historical results or
current expectations. 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 changes in government priorities,
funding levels, contacts and regulations; failure of third parties and
subcontractors; failure of systems to meet performance requirements and failure
to anticipate changes in technology, technical standards and product offerings
or comply with the requisite standards.
For additional information with
respect to certain of these risks or factors, plus additional risks or factors,
reference should be made to MDA’s continuous disclosure materials filed from
time to time with Canadian securities regulatory authorities, which are
available online at www.sedar.com or on MDA’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


