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December 14, 2007
MDA closes Alliance Spacesystems acquisition
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that the Alliance Spacesystems acquisition has closed. The acquisition
is expected to be slightly accretive to MDA's earnings in 2008.
With about 128 employees, Alliance Spacesystems currently generates approximately
$28 Million USD in annualized revenues. The company is headquartered in Pasadena
California, and also has operations in Signal Hill California, and Boulder Colorado.
Alliance Spacesystems is a well-positioned U.S. company focused on U.S. civilian
defense and commercial space programs.
'This event represents a significant move forward in our effort to access the U.S.
civilian and military aerospace markets' stated Daniel Friedmann, president and
CEO of MDA. 'MDA has achieved a foothold in early stage U.S. programs including
U.S. Space Exploration and surveillance, and in-orbit satellite servicing. By combining
MDA with U.S.-domiciled Alliance Spacesystems, MDA is positioned to pursue a much
larger share of these future U.S. market opportunities, and can carry out more of
the associated work in the U.S.'
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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