MDA receives follow-on contracts from the Federal Aviation Administration to continue modernization of flight route design solution
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today it has received follow-on contracts valued at over $9.5 million (USD) from the U.S. Federal Aviation Administration (FAA) to further upgrade the Instrument Procedure Development System (IPDS).
For immediate release: December 17, 2009
Richmond,
B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions,
announced today it has received follow-on contracts valued at over $9.5 million
(USD) from the U.S. Federal Aviation Administration (FAA) to further upgrade the
Instrument Procedure Development System (IPDS).
These contracts extend
the value of the existing first development phase of IPDS, contracted in January
2007, and the first upgrade, contracted in October 2008, to over $31 million
(USD).
The IPDS is part of a joint initiative between the FAA and the
Department of Defence (DoD) to create an automated solution to modernize flight
route design practices and to harmonize military and civilian air navigation in
the long term. The IPDS provides the FAA and the DoD with the capability to
design terminal area flight routes that take advantage of the latest navigation
equipment, resulting in improved terminal airspace usage and reduced fuel burn.
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.
Related
Websites:
www.mdacorporation.com
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 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. 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 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 changes in
government priorities, funding levels, contracts and regulations; 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


