RICHMOND, BC, Sept. 2 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA - News), a provider of essential information solutions, announced today that a confidential customer has awarded a contract to MDA for a long endurance unmanned aerial (UAV) surveillance solution to support its deployed forces. The surveillance solution will be operational in early 2010 for a period of one year, with options for an additional two years.
Building on the previously announced successful Noctua UAV service for the Canadian Forces, under this new contract, MDA will provide a similar complete turnkey operational UAV service. The new service will include full operations, maintenance and logistics to provide real-time, multi-sensor intelligence information directly in the theatre of operation.
David Hargreaves, a vice president within the Information Systems Group, said: 'This contract expands MDA's ability to provide advanced turnkey airborne surveillance services very quickly to customers with urgent deployed and domestic operational requirements.'
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
Forward-Looking Statements:
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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 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 further information
Wendy Keyzer, MDA External Relations, (604) 231-2743,
wendy@mdacorporation.com
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