MDA to Provide Continuing Operational Support to the USAF for MDA Flight Path Safety System
Thursday, February 2, 2012
Vancouver, BC, February 2, 2012--(T-Net)--MacDonald Dettwiler (TSX: MDA.TO), a provider of essential information solutions, announced today it has signed a contract for US$1.8 million as part of its Indefinite Delivery/Indefinite Quantity (IDIQ) agreement with the U.S. Air Force (USAF). MDA will provide three years of operational support for the fielded versions of the flight path safety system delivered by MDA to the USAF in 2004, and initiate the upgrade in capability to maintain the currency of the system with the continuously evolving regulation standards. The contract includes options for an additional two years.
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.
This 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 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; 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.
MDA External Relations
Photo credit: US Air Force
Richmond, BC (InfoTech)
700 Employees In BC (4500 Total)
Founded: 1969 | Revenues: $1.8 Billion
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.