RADARSAT Constellation Mission contract update
For immediate release: March 17, 2010 Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that the Canadian Space Agency has authorized the Company to start the design phase (Phase C) of the RADARSAT Constellation Mission. This authorization is limited to $11.8 million (CAD) and is expected to be completed by June 11, 2010.
Richmond, B.C. -
MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that the Canadian Space Agency has authorized the Company to
start the design phase (Phase C) of the RADARSAT Constellation Mission. This
authorization is limited to $11.8 million (CAD) and is expected to be completed
by June 11, 2010.
The Company successfully completed work on Phase B in
February 2010. This phase was originally announced in November
2008.
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) 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. 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; 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


