Posted: Tuesday, December 2, 2014
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA) and Space Systems/Loral, LLC (“SSL”) announced that following the mediation on December 1, 2014 among MDA and Loral Space and Communications Inc. (“Loral”), MDA/SSL agreed that they will be responsible for US$55 million, and Loral will be responsible for US$45 million of the US$100 million settlement of the ViaSat Communications, Inc. litigation. MDA/SSL has already paid US$23.4 million, including interest, to-date of this settlement.
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.”
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