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MDA Signs $5 Million Deal to Provide Communication Antenna Subsystems with Airbus
Wednesday, April 26, 2017Company Profile | Careers | Follow Company
Richmond, BC, April 26, 2017--(T-Net)--MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a global communications and information company, today announced that it has signed a contract for approximately CA$5 million with Airbus Defence and Space to provide four communication antenna subsystems and control electronics.
MDA's proven and patented control electronics allows antenna movement in very fine increments which increases the flexibility and performance of the satellite.
MDA's antenna solutions cover a wide range of requirements to address single and multi-satellite programs in commercial, space, military and airborne markets.
About MDA
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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 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 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, but are not limited to: risks associated with operating a satellite including in-orbit failures or impaired satellite performance; quality issues, failure of systems to meet performance requirements, potential for product liability, or the occurrence of defects in products or systems could result in lost revenue and harm to the Company's reputation; failure of third parties and subcontractors; and failure to anticipate changes in technology, technical standards and offerings or compliance with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
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