Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a contract with SNC-Lavalin Defence Programs Inc. to extend operational services for up to eight years for the Canadian Department of National Defence’s twelve Kingston-class Maritime Coastal Defence Vessels. MDA, an original member of the SNC-Lavalin-led team that designed and built the vessels, provided integrated ship systems, and continues to provide operational support services on both coasts.
SNC-Lavalin Defence Programs was recently awarded a competitively tendered contract to provide full In-Service Support (ISS) for the Kingston-class vessels for up to eight years as part of the overall Minor Warships Auxiliary Vessels (MWAV) project.
The twelve vessels assist the Royal Canadian Navy in meeting coastal defence mandates in the area of national sovereignty, and provide the navy with a dedicated coastal defence capability. Although their primary mission is coastal surveillance, the vessels perform a wide variety of operational tasks including search and rescue, fisheries and environmental monitoring, disaster relief, mine countermeasures and scientific research.
David Hargreaves, the vice president responsible for this business said, 'MDA has significant expertise in providing integrated ship systems and services. This contract extends our support of SNC-Lavalin and the navy for many years to come.'
Tony Thatcher, general manager of SNC-Lavalin Defence Programs Inc. states, 'MDA has been a significant partner in the MCDV support since 1992. We are pleased with MDA’s ability to continue to support the program in a manner that meets or exceeds our client’s expectations in this significant project.'
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 TSX:MDA.
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 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. 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, 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 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 the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.