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MDA to extend its services to support Canadarm and the International Space Station

^{Published on 2010-09-23 04:11:54 - Market Wire}
 

RICHMOND, BC, Sept. 23 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has received a $6.4 million (CAD) contract extension from NASA. This extension will continue the sustaining engineering services provided by MDA to support the Space Shuttle Canadarm and its inspection boom, as well as the Robotic Work Station and Berthing Cue on the International Space Station through to December 31, 2010. The contract includes options for an additional $8.6 million (CAD) that could extend through to 2012.

The original contract was announced in January 2008, and provided the opportunity for future options such as the above.

Steve Oldham, the vice president responsible for this business, said, 'As the preeminent supplier of robotics for manned spaceflight for nearly three decades, we look forward to applying this expertise to the next generation solutions for exciting future unmanned missions and exploration initiatives.'

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.

The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.

Related Websites:

[ www.mdacorporation.com ]

Forward-Looking Statements

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 extension 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.