MDA wins $200m contract in Russian market
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a contract in excess of $200 million (CAD) with the Russian Radio Research and Development Institute (NIIR) to provide two advanced technology solutions for the Express AM5 and Express AM6 satellites.
For immediate release: November 20, 2009
Richmond, B.C. - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that it has signed a contract in excess of $200 million (CAD)
with the Russian Radio Research and Development Institute (NIIR) to provide two
advanced technology solutions for the Express AM5 and Express AM6 satellites.
Scheduled to launch in 2012, the Express satellites are designed to
provide a large range of broadcasting services, including digital TV, radio
broadcasting, multimedia services and mobile communications. MDA will deliver
the solutions between Q4 2011 and Q1 2012.
Russia is
increasing their demand for satellite systems to meet the country’s growing
needs in information provision and this has opened a new market for MDA’s
products and services. The Express series of satellites are owned and operated
by the Russian Satellite Communications Company, the major Russian satellite
operator, currently operating a fleet of 11 communications and broadcasting
satellites.
Don Osborne, the vice president responsible for this
business said, ‘the contract to supply the Express AM5 and Express AM6 solutions
is aligned with our market focus in the Commonwealth of Independent States
region and working with NIIR, a new customer for MDA, strengthens our presence
in Russia.’
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
www.niir.ru/eng/page.php?trid=11
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 failure of third parties and
subcontractors; failure of systems to meet performance requirements; changes in
government priorities, funding levels, contracts and regulations; satellite
failure; 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


