For immediate release: January 11, 2012
Space Infrastructure Servicing Update
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. , a
provider of essential information solutions, announced today
that as previously reported, MDA has not yet made a decision
to proceed with its commercial Space Infrastructure Servicing
Initiative.
The MDA/Intelsat Agreement announced March 15, 2011, has
ceased to be in effect.
MDA is continuing to pursue opportunities in this area and is
currently focused on bidding a space servicing Broad Agency
Announcement from a U.S. Government agency, which is due in
February.
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 .
Related Websites:
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 MDA's
Space Infrastructure Servicing Initiative pursuits. 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 bids not being
disqualified. 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; failure to
maintain technological advances and market position; failure
of systems to meet performance requirements; changes in
government priorities, funding levels, contracts and
regulations; satellite failure; and failure to anticipate
changes in technology, technical standards and 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 .
The Toronto Stock Exchange has neither approved nor
disapproved the form or content of this release.
For more information, please contact:
Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com
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