MDA Awarded $706 Million Contract To Build Three Radar Satellites
MDA is a unique global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business potential. In addition, the Company conducts a significant amount of advanced technology development.
MDA's well-established global customer base is served by more than 5,000 employees operating from 18 offices located in the United States, Canada, and internationally.The Company's common shares trade under the symbol TSX:MDA. Related Websites: www.mdacorporation.com Forward-Looking Statements This news release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") with respect to future events and financial performance. The forward-looking statements in this regard include statements related to the government contract for the RADARSAT Constellation Mission (RCM) and its impact on the Company's operations. 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 news release include contracts with any government agency not being terminated or not receiving adequate funding. 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. The risks that could cause actual results to differ from current expectations include, but are not necessarily limited to: changes in government priorities, funding levels, contracts and regulations; failure of third parties and subcontractors; risks associated with the design and operation of satellites and provision of satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; failure to anticipate changes in technology, technical standards and product offerings or comply with the requisite standards and failure of systems to meet performance requirements; and other risks, including litigation. The foregoing list of important factors is not exhaustive. MDA cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. 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 under the Company's profile 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.
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