SSL COMPLETES AGREEMENT TO PARTNER WITH DARPA ON SATELLITE SERVICING
Palo Alto, Calif. – April 12, 2017 — Space Systems Loral (SSL), a leading provider of innovative satellites and spacecraft systems, today announced that it has signed and executed an agreement with the U.S. Defense Advanced Research Projects Agency (DARPA) to develop advanced capabilities for servicing and maintaining spacecraft in geostationary orbit. Details of the partnership were previously released on February 9, 2017.
SSL is a U.S. company, which employs more than 2,000 people in Palo Alto, California, where it has done business for 60 years. The work scope for the DARPA mission will be performed in its U.S. facility by its staff of engineers and technicians based in California.
“SSL is looking ahead to help satellite operators and government agencies address the demand for cost efficiency paired with next generation technology,” said Howard Lance, chief executive officer, SSL MDA Holdings. “Now SSL is working with both NASA and DARPA on their programs which develop a range of cooperative in-orbit satellite servicing capabilities that will shape future space architectures and provide flexibility for how both commercial and government satellite operators manage their fleets.”
Space Systems Loral (SSL) is a leading provider of commercial satellites with broad expertise to support satellite operators and innovative space related missions. The company designs and manufactures spacecraft for services such as direct-to-home television, video content distribution, broadband internet, mobile communications, and Earth observation. As a Silicon Valley innovator for 60 years, SSL's advanced product line also includes state-of-the-art small satellites, and sophisticated robotics and automation solutions for remote operations. For more information, visit www.sslmda.com.
About SSL MDA Holdings
SSL is a subsidiary of SSL MDA Holdings, Inc., which is based in San Francisco, CA. SSL MDA Holdings is a wholly owned subsidiary of MacDonald, Dettwiler and Associates Ltd. (MDA) and serves as the operating company for all MDA businesses.
MDA (TSX: 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 15 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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