SpaceRef

SpaceRef


MDA Signs Contract Valued At $154 Million U.S. To Provide Hubble Rescue Solution

Press Release From: MDA
Posted: Wednesday, January 5, 2005

image MacDonald, Dettwiler and Associates Ltd. , a provider of essential information solutions, today announced that it has signed a contract worth approximately $154 million U.S. to provide a potential information and robotic servicing solution to NASA to rescue the Hubble Space Telescope. The Hubble mission will follow on the heels of two U.S. military satellite missions that will utilize MDA's solutions to perform similar tasks.

"We are building robotic space solutions that perform critical tasks to meet the requirements of ongoing and future international space missions," said Dan Friedmann, President and CEO of MDA. "The Hubble mission and our strategic participation in other space missions will demonstrate that robots can cost-effectively complete complex tasks in space, while working together with astronauts on the ground."

MDA is involved in two other important unmanned U.S. military satellite missions. MDA recently shipped a space-based solution for a classified satellite observation program, and is in the final stages of another previously announced key space servicing mission.

The Hubble award provides MDA with a new major source of long-term revenue. This award also positions MDA as the world leader in extending human reach in hostile environments with great precision and reliability.

The Canadian Commercial Corporation (CCC) is acting as the contracting agency between MDA and NASA and has executed the contract. CCC, a Government of Canada Crown corporation, facilitates over $1 billion in exports each year.

More information on the Hubble servicing mission is available at http://hubble.gsfc.nasa.gov/robotic/index.php

About MacDonald, Dettwiler and Associates Ltd. (MDA)

MDA provides businesses and governments around the world with essential information solutions used for decision making. Operating from offices across Canada, the U.S. and the U.K., MDA is active in data collection, information extraction, and information distribution.

Related Web sites:

// end //

More news releases and status reports or top stories.

Please follow SpaceRef on Twitter and Like us on Facebook.

NanoRacks