Press release from CNW Group
SSL highlights NASA mission milestones, supports NASA initiative to partner with industry
Tuesday, November 26, 2013
SSL highlights NASA mission milestones, supports NASA initiative to partner with industry08:50 EST Tuesday, November 26, 2013
PALO ALTO, CA, Nov. 26, 2013 /CNW/ -Space Systems/Loral (SSL), a leading provider of commercial satellites, today highlighted its role in supporting NASA's initiative to benefit from the commercial space industry. Two NASA programs, which recently reached important milestones, benefited from commercial technology contribution from SSL.
SSL provided the propulsion system for NASA's Lunar Atmosphere Dust Environment Explorer (LADEE) spacecraft, which is managed by NASA's Ames Research Center in Moffett Field, Calif., and currently is orbiting the moon. Additionally, SSL was awarded the next phase contract option to put a NASA Laser Communications Relay Demonstration (LCRD), on a commercial satellite.
SSL, a subsidiary of MDA, has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As a leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SSL satellites every day. For more information, visit www.sslmda.com.
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. In addition, the Company conducts a significant amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,500 employees operating from 11 offices located in the United States, Canada, and internationally.
MacDonald, Dettwiler and Associates Ltd.'s (MDA) common shares trade under the symbol TSX:MDA.
This 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 the award of a contract with a governmental 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; partial or complete termination of a government funded project; failure of third parties and subcontractors; failure of systems to meet performance requirements; failure to anticipate changes in technology, technical standards and offerings or to 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 the Company'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.
SOURCE MacDonald, Dettwiler and Associates Ltd.
For further information:
MDA External Relations