Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today it has been authorized to begin work on a number of projects totaling over $5.7 million (CAD) to add significant new capabilities to and refresh the solution technology for a flight path safety system delivered by MDA to the United States Air Force (USAF) in 2004. The Air Force Terminal Instrument Procedures Replacement (AFTERPS-R) system is deployed to more than 190 end-users throughout all USAF Major Commands.
Terminal Instrument Procedures are published instructions to pilots specifying a series of aircraft maneuvers that must be executed for the aircraft to transition safely from an en route airway to a runway, or vice versa, when flying by instruments. The AFTERPS-R system ingests digital terrain, obstruction and aeronautical data to build and display a virtual model of the physical environment surrounding an airport that is then used to develop a safe flight path corridor. The system does this by automatically assessing the complex rules governing the design of procedures and flagging deviations from the rules that result from the physical environment. The deviations are noted by the designer, who can then quickly make modifications to the procedures.
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.
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 government contracts. 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 with such government agency being executed and 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, contracts 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.