| MacDonald, Dettwiler and Associates Ltd. - MDA.t is a global communications and information company providing operational solutions to commercial and government organizations worldwide.|
MDA's well-established global customer base is served by more than 4,500 employees operating from 11 locations in the United States, Canada and internationally.
On May 1, 2014 the company released Numbers
"("MDA" or the "Company") (TSX: MDA), a global communications and information company, today reported financial results for the first quarter ended March 31, 2014.
Consolidated revenues this quarter were $492.6 million, up from $428.6 million for the first quarter of 2013. Operating earnings¹ increased to $49.4 million, or $1.37 per share¹, compared to $41.8 million, or $1.30 per share, for the first quarter of last year. Net earnings under IFRS for the first quarter of 2014 were $25.0 million ($0.69 per share) compared to $2.2 million ($0.07 per share) for the same period a year ago.
The Company had total funded order backlog of $2.8 billion at March 31, 2014 (December 31, 2013 - $3.0 billion). Subsequent to March 31, 2014, the Company booked contracts with:
• SKY Perfect JSAT Corporation to provide the JCSAT-15 and JCSAT-16 communication satellites;
• PT. Bank Rakyat Indonesia (Persero) Tbk. to provide the BRIsat communication satellite; and
• EchoStar Corporation to provide the EchoStar XXIII communication satellite.