MDA to support U.S. National Security Programs
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that its U.S. operation, MDA Information Systems, Inc. has been awarded several contracts from confidential customers within the past months, totaling over $7 Million (USD). MDA is building advanced technology solutions in support of U.S. National Security Programs, which are slated to be delivered in 2010 and 2011.
For immediate release: May 31, 2010
MDA to support U.S. National Security Programs
Richmond, B.C. - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that its U.S. operation, MDA Information Systems, Inc. has been
awarded several contracts from confidential customers within the past months,
totaling over $7 Million (USD). MDA is building advanced technology solutions in
support of U.S. National Security Programs, which are slated to be delivered in
2010 and 2011.
‘MDA takes seriously the trust that our customers have
placed in us to provide reliable and quality solutions for programs of such
national importance,’ said Ted Cheng, general manager, MDA Information Systems,
Inc. ‘The growing depth and breadth of our engineering presence allows us to
respond with solutions that will meet the critical needs of our customers.’
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
Forward-Looking
Statements
This release contains
forward-looking statements and information, which reflect the current view of
MacDonald, Dettwiler and Associates Ltd. (“MDA”) 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. 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 failure of third parties and
subcontractors; changes in government priorities, funding levels, contracts and
regulations; 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


