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December 5, 2007
MDA Acquires U.S. - Based Alliance Spacesystems
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions,
announced today a strategic expansion of its Information Systems business in the
United States. The Company has entered into an agreement to acquire privately held
Alliance Spacesystems, LLC, located in Pasadena, California.
Alliance Spacesystems provides U.S. Government and aerospace customers with advanced
technology solutions, and is a leader in sophisticated robotic and mechanical structures
applied on a variety of space missions as well as terrestrial applications.
Mag Iskander, executive vice president and general manager of MDA's Information
Systems, stated, "This acquisition significantly enhances our U.S. presence, and
will provide a capable conduit to leverage and offer our world class space robotics
and space surveillance solutions into the United States civilian and military aerospace
markets".
Rene Fradet, CEO of Alliance Spacesystems stated, "We look forward to combining
our market access gained through technical excellence with MDA's longstanding experience
in the space missions market, to offer our customers a broader range of 'made in
the U.S.' solutions".
Alliance Spacesystems will become part of MDA Federal, the MDA subsidiary that includes
all of the U.S. businesses of the MDA Information Systems Group. MDA Federal operates
under a Special Security Agreement to ensure compliance and optimal access to classified
U.S. market opportunities.
The transaction is expected to become accretive within a year. The transaction is
expected to close within two weeks subject to required approvals.
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 earth and space based information solutions, ranging from complex
operational systems, to tailored information services, to electronic information
products.
MDA employs more than 3,000 people in locations across the United States, the United
Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange
under the symbol. TSX:MDA.
Forward-Looking Statement
This release contains forward-looking statements and information, which reflect
the current view of MacDonald, Dettwiler and Associates Ltd. with respect to future
events and financial performance. Any such forward-looking statements are subject
to risks and uncertainties and MDA's actual results of operations could differ materially
from historical results or current expectations. Additional information on these
and other potential factors that could affect MDA's financial results are detailed
in documents filed from time to time with the applicable Canadian securities regulatory
authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form or content
of this release.
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