|By PR Newswire||
|April 24, 2014 09:58 PM EDT||
RICHMOND, BC, April 24, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, announced today that a jury in the United States District Court for the Southern District of California has returned a verdict in the action of ViaSat Communications, Inc. against MDA's subsidiary Space Systems/Loral, LLC ("SSL") involving claims of patent infringement and breach of contract. The jury found that SSL infringed ViaSat patents and breached certain non-disclosure obligations to ViaSat. The jury awarded US$283 million in damages for patent infringement and for breach of contract.
SSL will seek to overturn the verdict in post-trial motions it will file with the District Court, and if necessary, through the appeal process.
The ViaSat patents involved in this action may have some applicability to a limited number of satellite projects that are currently in SSL's factory and in its current pipeline of identified bid opportunities.
Under the purchase and sale agreement under which MDA purchased SSL from Loral Space and Communications Inc., MDA is indemnified for certain of the costs and damages, if upheld, under this action.
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. In addition, the Company conducts a significant amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,800 employees operating from 11 offices located in the United States, Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company) with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding the award of a government contract. Any such forward-looking statements are based on MDA's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include any subsequent determinations made by the trial judge, including any injunctions, as a result of motions made, or any determinations made on any appeal, if taken, could be contrary to the verdict of the jury, which may include an award of damages and that a jury may find any infringement willful and award enhanced damages and whether contracts will be awarded to SSL for satellites. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. MDA cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include, but are not limited to: changes in government priorities, mandates, policies, funding levels, contracts and regulations; failure of third parties and subcontractors; and failure of systems to meet performance requirements.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company's continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online under the Company's profile at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.
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