This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MDA Announces Successful Launch Of Canada's DND Sapphire Satellite

RICHMOND, BC, Feb. 25, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or "the Company") ( TSX: MDA), a provider of essential information solutions, announced today that the Sapphire satellite developed by MDA for Canada's Department of National Defence (DND) has been launched into its proper orbit, and communication with the satellite has been established. The satellite was launched out of the Satish Dhawan Space Centre, Sriharikota, India on February 25, 2013 at 4:26 a.m. PST.

Canada's Sapphire is the Department of National Defence's first dedicated operational military satellite. This space-based electro-optical sensor will track man-made space objects in Earth's orbit between 6,000 and 40,000 km in altitude, as part of Canada's continued support of Space Situational Awareness. Data from the Sapphire satellite will contribute to the U.S. Space Surveillance Network, enhancing the ability of both countries to detect and avoid the collision of critical space platforms with other satellites or pieces of debris.

Daniel Friedmann, MDA's president and CEO said, "We are very pleased to see the Sapphire satellite successfully launched. This is MDA's first solution for the growing space surveillance market. Studies have shown that with increases in space debris, and the threat to the systems and services growing, space-based space surveillance will become more and more crucial to provide collision avoidance capabilities and prevent system and service loss."

MDA will also operate and maintain the Sapphire System for five years following system commissioning, expected approximately three months from deployment. The Company's responsibilities include relaying assigned taskings from DND to the satellite, processing the collected information, and sending the data to the Sensor System Operations Centre (SSOC) operated by DND at 22 Wing in North Bay, Ontario. Upon receipt of the processed data, the SSOC will correlate, identify, archive and transmit the information to the United States' Joint Space Operations Center (JSpOC).

MDA is the prime contractor for the Sapphire program. The Sapphire contractor team includes Terma A/S of Herlev, Denmark, COM DEV International of Cambridge, Ontario, and Surrey Satellite Technology Ltd. of Surrey, England. The launch provider is Antrix Corporation Ltd. of Sriharikota, India.

About MDA MDA is a 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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs