MacDonald, Dettwiler Q4 profit more than doubles to $25M; revenue up almost 28%
VANCOUVER – Space technology company MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) has reported a big increase in fourth-quarter revenue and earnings. MDA, best known for the robotic arms used on the International Space Station, said net earnings in the three months ended Dec. 31 were $25 million or 70 cents per share, up from $11 million or 35 cents per share in the same 2012 period. Revenue rose to $476.7 million from $372.6 million.
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