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December 11, 2009
MDA contracted to deliver the national communications satellite system of Ukraine
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd., (TSX:MDA),a provider of essential information solutions,
announced today that it has signed a $254 million dollar (US) contract to provide
a communication satellite system to the National Space Agency of Ukraine (NSAU).
The financing for this project is provided by Export Development Canada (EDC).
As Prime Contractor, MDA will build and launch a geostationary communications satellite
and provide two satellite control centers and other associated ground infrastructure.
The communications satellite will support direct broadcast television and high-speed
Internet access to the country of Ukraine and surrounding areas. MDA and the Ukrainian
Space Agency are finalizing specifications, and other requirements, over the next
succeeding months.
Mr. Zinchenko, President of NSAU said, 'We are very excited for this contract award,
which is the first major step in a long-term strategic partnership between NSAU
and MDA in the fields of satellite communications and Earth observation.'
Don Osborne, the vice president responsible for this business said, 'This is the
second large win for MDA in the Commonwealth of Independent States. This opportunity
is particularly exciting as it has brought together best in class Canadian information
solutions with financing from EDC to meet the needs of the Ukraine National Space
Agency.'
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.
MDA employs more than 3,200 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.
About EDC
EDC is Canada's export credit agency, offering innovative commercial solutions to
help Canadian exporters and investors expand their international business. EDC's
knowledge and partnerships are used by more than 8,300 Canadian companies and their
global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining,
a recognized leader in financial reporting and economic analysis, and have been
named as one of Canada's Top 100 Employers for nine consecutive years.
Related Websites:
www.mdacorporation.com
www.edc.ca
For more information, please contact:
Nathalie Patenaude
Public Relations
Telephone: (514) 425-3066
E-mail: Nathalie.patenaude@mdacorporation.com
Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com
Forward-Looking Statements
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. 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. 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. 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 changes in government
priorities, funding levels, contacts and regulations; failure of third parties and
subcontractors; 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.
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