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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs