N@N

MDA signs extension to Design Phase of Canada';s RADARSAT Constellation Mission

^{Published on 2011-05-19 14:16:13 - Market Wire}
 

RICHMOND, BC, May 19 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed contract amendments with the Canadian Space Agency (CSA) for the Design Phase of the RADARSAT Constellation Mission (RCM), which involves developing the detailed design of the RCM and all of its subsystems, and is the precursor to the Build Phase. MDA has been working on this contract under an Authorization To Proceed, since March 17, 2010. The value of the latest amendments totals $35.9 Million (CAD) and brings the contract value for the Design Phase to $123 Million (CAD).

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 ]

[ www.asc-csa.gc.ca ]

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 amendments to 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; satellite failure; 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.