Richmond, BC - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, today announced that in an order issued August 8, 2014, the federal court hearing ViaSat Communications, Inc.’s (ViaSat) lawsuit against Space Systems/Loral, LLC (SSL) vacated all damages the jury awarded to ViaSat, finding that the jury award was a “miscarriage of justice.” The Court ordered a new trial on damages.
The Court deferred any ruling on ViaSat’s motion for a permanent injunction, which seeks to bar SSL from manufacturing satellites which are significantly similar to Jupiter-1 with respect to the three patented technologies at issue in the case, scheduling argument on that motion for August 26, 2014.
MDA is a global communications and information company providing operational solutions to 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."
This news release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. and its subsidiaries (collectively “MDA” or the “Company”) with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding on-going litigation proceedings. The eventual outcome of this dispute may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. The factors and assumptions underlying the forward-looking statements in this release include any subsequent determinations made by the trial judge or at a new trial on damages, including any injunctions or any determinations made on any appeal which, if taken, could be contrary to the verdict of the jury, and may include an award of damages and that a jury may find any infringement willful and award enhanced damages and whether contracts will be awarded to SSL for satellites. 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.
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.