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or Name
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MacDonald Dettwiler and Associates Ltd (2)
Symbol MDA
Shares Issued 36,203,038
Close 2015-10-02 C$ 73.78
Market Cap C$ 2,671,060,144
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MDA joins OneWeb

2015-10-03 01:08 ET - News Release

Mr. Daniel Friedmann reports

MDA JOINS THE ONEWEB TEAM

MacDonald, Dettwiler and Associates Ltd. has joined the OneWeb team. OneWeb is building over 900 low-Earth-orbit satellites to enable affordable broadband access for emerging markets and rural areas. OneWeb's communications network will enable access for people everywhere, by transparently extending the networks of mobile operators and ISPs to serve new coverage areas. The initial production is planned for launch into low Earth orbit beginning in 2018.

Partnering with MDA will allow OneWeb to benefit from its world-class antenna and payload design and engineering expertise. MDA has proven high-volume manufacturing experience. Streamlining production and the weight of the individual satellites are key components in making the OneWeb constellation a success.

Brian Holz, vice-president, space systems, OneWeb, said: "MDA has deep experience in communication satellite payloads and the design of mass produced satellite components. We welcome their support of OneWeb's mission to enable affordable Internet access for everyone with a constellation that will bring more the 10 terabits per second of new capacity into hard-to-reach areas around the globe."

Daniel Friedmann, MDA's president and chief executive officer, said: "MDA's strategy is to become a key supplier for LEO satellite constellations in both Earth observation and communications, and we recognize that OneWeb's architecture, team, technology and skill sets are creating a whole new opportunity for satellites and global communications. Currently we are building an advanced Earth observation constellation, and we look forward to supporting this large and very innovative communications system."

About OneWeb

OneWeb's mission is to enable affordable Internet access for everyone. It is building a global communications network with a constellation of low Earth orbit satellites, which will provide connectivity to billions of people around the world.

With more than 10 terabits per second of new capacity, it will bring voice and data access to consumers, businesses, schools, health care institutions and other end-users.

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