Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, January 24, 2011Fri, January 21, 2011Thu, January 20, 2011Wed, January 19, 2011Tue, January 18, 2011Mon, January 17, 2011Fri, January 14, 2011Thu, January 13, 2011Wed, January 12, 2011Tue, January 11, 2011Mon, January 10, 2011Sun, January 9, 2011Fri, January 7, 2011Thu, January 6, 2011Wed, January 5, 2011Tue, January 4, 2011Mon, January 3, 2011MDA provides additional advanced technology solutions to Orbital';s Cargo Delivery Spacecraft
Published in Stocks and Investing on Thursday, January 13th 2011 at 14:06 GMT by Market Wire
RICHMOND, BC, Jan. 13 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a multi-million dollar contract amendment exercising an option on the contract announced January 19, 2010. MDA will provide Orbital Sciences Corporation (Orbital) with solutions to enable capture and mating of the Cygnus(TM) cargo delivery spacecraft to the International Space Station.
The Cygnus(TM) spacecraft is being developed by Orbital under the Commercial Orbital Transportation Services Space Act Agreement with NASA. Several operational missions are expected to be conducted by Orbital in the coming years. MDA's proprietary, industry solution will be used to effect the berthing.
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.orbital.com ]
Forward-Looking Statements
This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA") with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding a contract amendment. 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 failure of third parties and subcontractors; changes in government priorities, funding levels, contracts and regulations; 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.
