MDA continues positive momentum to provide game-changing defence capabilities
MONTREAL, April 1, 2019 /CNW/ - 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'sCombat 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
SOURCE Maxar Technologies Ltd.
28 novembre 2024 | Local, Terrestre
Media are invited to participate in a one-on-one interview with Commodore Matthew Coates, Commander of Standing NATO Maritime Group Two (SNMG2) on December 2, 2024.
16 juin 2020 | Local, Naval
The Canadian Press OTTAWA — Canada's national shipbuilding plan was rocked by yet another cost increase on Monday as the federal government revealed it will pay $4.1 billion for two long-overdue support ships for the navy — an increase of $1.5 billion from initial estimates. The revelation came as Ottawa officially awarded a contract for the full construction of the two new Protecteur-class joint support ships to Vancouver's Seaspan shipyards, which has already started work on the first of the vessels. Seaspan was first tapped to build the two ships and several coast guard vessels in 2011, at which point the supply ships were expected to cost $2.6 billion. The figure was later revised to $3.4 billion before another $700 million was added Monday. The first of the support ships was to have been delivered by 2019. The government says it now doesn't expect the first ship before 2023, with the second due in 2025. Seaspan has been under contract to work on some parts of the first ship since June 2018. The Royal Canadian Navy has been without a full-time support ship since 2014 and is currently relying on a converted civilian vessel that is being leased from Quebec's Chantier Davie shipyard to fill the gap. That ship, the MV Asterix, was at the heart of the failed prosecution of retired vice-admiral Mark Norman. The Liberal government was playing down the cost increase to the support ships on Monday, with senior ministers touting the importance of the vessels to the Royal Canadian Navy and the jobs that the project is creating in Vancouver and elsewhere. "These new ships will provide a necessary capability for our Royal Canadian Navy, while providing significant economic benefits and jobs to Canadians, including thousands of jobs created or sustained," Defence Minister Harjit Sajjan said in a statement. Yet the cost increase is the latest to hit the shipbuilding plan, which has been plagued by delays and budget increases for years. The plan is intended to recapitalize the majority of Canada's naval and coast guard fleets. The entire plan to buy new warships to replace the navy's frigates and destroyers, several Arctic patrol vessels, a polar icebreaker and four science vessels for the Canadian Coast Guard in addition to the two support ships was pegged in 2011 at $35 billion. The warships alone are now expected to cost at least $65 billion while the rest of the projects have either seen similar budget increases or their budgets are under review. The delivery schedules for the projects have also been pushed back numerous times. Defence analyst David Perry of the Canadian Global Affairs Institute noted the new cost for the support ships is almost exactly how much Parliament's budget watchdog estimated following an analysis in 2013. The Conservative government at the time refuted the parliamentary budget officer's estimate, with then-public works minister Rona Ambrose saying appropriate safeguards had been put into place to protect taxpayers. "There's not a lot of detail in this today so it's hard to do a line by line," Perry said. "But superficially at least, the PBO's report from 2013 — which I recall being pooh-poohed pretty extensively — has held up pretty well." Ottawa has in recent years produced update cost estimates for most of the vessels being built through the federal shipbuilding plan. However, budgets for the polar icebreaker and an offshore science vessel for the coast guard are still under review. This report by The Canadian Press was first published June 15, 2020. https://www.kamloopsthisweek.com/news/canada-to-pay-4-1b-for-navy-support-ships-in-latest-cost-increase-1.24153254
18 juillet 2022 | Local, Aérospatial
The division would be responsible to the Royal Canadian Air Force commander for the generation of space capabilities for various missions.