MDA continues positive momentum to provide
game-changing defence capabilities
MONTREAL, April 1, 2019 /PRNewswire/ - MDA, a Maxar
company (NYSE: MAXR) (TSX: MAXR), today announced that it has
signed a CAD $4 million contract with
Lockheed Martin Canada for the initial phase of design work for the
Canadian Surface Combatant (CSC) ship's Electronic Warfare system.
Lockheed Martin Canada was selected as the winning bidder for the
CSC program by Irving Shipbuilding. Irving Shipbuilding is the CSC
Prime Contractor and will build 15 ships at Halifax Shipyard.
This design work is expected to become the basis for the
manufacture, integration, installation and commissioning of the
Electronic Warfare equipment on the Royal Canadian Navy's
next-generation CSC ships.
"MDA is very pleased to be able to play such a critical role in
supplying systems for the Canadian Surface Combatant program," said
Mike Greenley, group president of
MDA. "We are proud to support Lockheed Martin Canada by leveraging
MDA's deep Canadian expertise in project management, system
engineering, electronics, antennas, signal processing and software.
This initial contract represents the first phase of what we
anticipate will become a decades-long journey as a tier-1 partner
on the Lockheed Martin Canada team."
The CSC is a globally deployable, multi-role warship designed to
meet the distinctive mission requirements of the Royal Canadian
Navy. MDA is partnered with other industry leaders including BAE
Systems, CAE, Lockheed Martin Canada, L3 Technologies and Ultra
Electronics as Canada's Combat
Ship Team to provide the Royal Canadian Navy the most advanced and
modern warship design. Purposely designed for anti-submarine
warfare and capable of performing a variety of missions in any part
of the world, the CSC is acoustically quiet, versatile, highly
survivable, and reconfigurable for future modernization. The most
recent Canadian Defence Policy stated that 15 of these ships will
be built in Canada over the next
25 years and will serve the Royal Canadian Navy for decades to
come.
About Maxar Technologies
As a global leader of
advanced space technology solutions, Maxar is at the nexus of the
new space economy, developing and sustaining the infrastructure and
delivering the information, services, systems that unlock the
promise of space for commercial and government markets. The
operations of DigitalGlobe, SSL and Radiant Solutions were unified
under the Maxar brand in February; MDA continues to operate as an
independent business unit within the Maxar organization. As a
trusted partner with 5,900 employees in over 30 global locations,
Maxar provides vertically integrated capabilities and expertise
including satellites, Earth imagery, robotics, geospatial data and
analytics to help customers anticipate and address their most
complex mission-critical challenges with confidence. Every day,
billions of people rely on Maxar to communicate, share information
and data, and deliver insights that Build a Better World. Maxar
trades on the New York Stock Exchange and Toronto Stock Exchange as
MAXR. For more information, visit www.maxar.com.
Forward-Looking Statements
Certain statements and
other information included in this release constitute
"forward-looking information" or "forward-looking statements"
(collectively, "forward-looking statements") under applicable
securities laws. Statements including words such as "may", "will",
"could", "should", "would", "plan", "potential", "intend",
"anticipate", "believe", "estimate" or "expect" and other words,
terms and phrases of similar meaning are often intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Forward-looking
statements involve estimates, expectations, projections, goals,
forecasts, assumptions, risks and uncertainties, as well as other
statements referring to or including forward-looking information
included in this press release.
Forward-looking statements are subject to various risks and
uncertainties which could cause actual results to differ materially
from the anticipated results or expectations expressed in this
release. As a result, although management of the Company believes
that the expectations and assumptions on which such forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. The risks
that could cause actual results to differ materially from current
expectations include, but are not limited to, the risk factors and
other disclosures about the Company and its business included in
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 EDGAR profile at
www.sec.gov, under the Company's SEDAR profile at www.sedar.com or
on the Company's website at www.maxar.com.
The forward-looking statements contained in this release are
expressly qualified in their entirety by the foregoing cautionary
statements. All such forward-looking statements are based upon data
available as of the date of this release or other specified date
and speak only as of such date. The Company disclaims any intention
or obligation to update or revise any forward-looking statements in
this release as a result of new information or future events,
except as may be required under applicable securities
legislation.
Contact
Leslie Swartman | MDA Media Contact
| 1-613-736-6917|
leslie.swartman@mdacorporation.com
Jason Gursky | Maxar Investor
Relations | 1-303-684-2207 |
jason.gursky@maxar.com
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SOURCE Maxar Technologies Ltd.
