TMCnet News

MDA continues development of solution to deliver payloads to geostationary orbit
[June 23, 2015]

MDA continues development of solution to deliver payloads to geostationary orbit


Approved for Public Release, Distribution Unlimited

RICHMOND, BC, June 23, 2015 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that it has signed a contract amendment with the Defense Advanced Research Projects Agency (DARPA) to further develop and test the Payload Orbital Delivery (POD) system as part of DARPA's Phoenix program. This project was originally announced in November 2013.

The POD is a standardized mechanism designed to safely carry a wide variety of separable mass elements to orbit—including payloads and electronics—aboard commercial communications satellites. This approach would take advantage of the tempo and "hosted payloads" services that commercial satellites now provide while enabling lower-cost delivery to geosynchronous Earth orbit (GEO). The POD system is one of three main technology areas MDA is developing under the Phoenix program, which aims to reduce the cost of access to space.

About MDA

MDA is a global communications and information company providing operational solutionsto commercial and government organizations worldwide.



MDA's business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.

MDA's established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.


The Company's common shares trade on the Toronto Stock Exchange under the symbol "MDA."

Related Websites

www.mdacorporation.com

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 the amendment of a contract with an intergovernmental agency. 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 or intergovernmental 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, but are not necessarily limited to: changes in government or intergovernmental priorities, mandates, funding levels, contracts and regulations; failure of third parties and subcontractors; and failure of systems to meet performance requirements or to be accepted by a customer.

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 under the Company's profile 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.

SOURCE MacDonald, Dettwiler and Associates Ltd.


[ Back To TMCnet.com's Homepage ]