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SOURCE Maxar Technologies Ltd.
BRAMPTON, ON, Dec. 15, 2017 /PRNewswire/ - MDA, a business unit of Maxar Technologies (formerly MacDonald, Dettwiler and Associates Ltd.), (NYSE and TSX: MAXR), today announced that it has signed four contracts with the Canadian Space Agency (CSA) with a total value at approximately CA$53.75 million. The award includes:
"Canadian robotics play a key role on the International Space Station and the advances in space robotics associated with this project not only enhances the MSS capabilities, but also provides a long term benefit in ensuring Canadian technology retains its best-in-class status," said Marc Donato, MDA's general manager responsible for this business. "The technologies being developed under this contract offer direct spin-offs related to commercial initiatives that MDA has undertaken, such as robotically servicing satellites in space."
The Mobile Servicing System is comprised of the Canadarm2, a highly dexterous two-armed robotic arm known as "Dextre," and the Mobile Base System. These three robotic systems perform a variety of operations ranging from resupply, maintenance, and servicing tasks on the space station that are critical to the on-going operations of the ISS.
MDA is an internationally recognized leader in space robotics, satellite antennas and subsystems, surveillance and intelligence systems, defense and maritime systems, and geospatial radar imagery. MDA's extensive space expertise and heritage translates into mission-critical defence and commercial applications that include multi-platform command, control and surveillance systems, aeronautical information systems, land administration systems and terrestrial robotics. MDA is also a leading supplier of actionable mission-critical information and insights derived from multiple data sources, both owned and operated within the Maxar group and by customer and third party sources. Founded in 1969, MDA is recognized as one of Canada's most successful technology ventures with locations in Richmond, Ottawa, Brampton, Montreal and Halifax. MDA is a business unit of Maxar Technologies (TSX: MAXR NYSE: MAXR). For more information visit www.mdacorporation.com.
Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is a leading global provider of advanced space technology solutions for commercial and government markets including satellites, Earth imagery, geospatial data and analytics. As a trusted partner, Maxar Technologies provides unmatched end-to-end advanced systems capabilities and integrated solutions expertise to help our customers anticipate and address their most complex mission critical challenges with confidence. With more than 6,500 employees in over 20 locations, the Maxar Technologies portfolio of commercial space brands includes: SSL, MDA, DigitalGlobe, and Radiant Solutions. Every day millions of people rely on Maxar Technologies to communicate, share information and data, and deliver insights that empower a better world. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information visit maxar.com.
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 award and amendment of various 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. The factors and assumptions underlying the forward-looking statements in this release include contracts with any government 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 limited to: risks inherent with performance on fixed price contracts, particularly the ability to contain cost overruns and schedule delays; changes in government priorities, mandates, policies, 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 compliance with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
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 and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, under the Company's EDGAR profile at www.sec.gov or on the Company's website at www.maxar.com.
Wendy Keyzer | MDA Media Contact | 1-604-231-2743 | firstname.lastname@example.org
Marissa Poratto | Maxar Investor Relations | 1-604-331-2044 | email@example.com
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