Stocks in Play: Macdonald Dettwiler and Associates Ltd.
Monday, October 31, 2011 09:50 AM EST - Macdonald Dettwiler and Associates Ltd. : reported financial results for the quarter ended September 30, 2011. For continuing operations, third quarter 2011 revenues increased to $182 million compared to $167 million for the same period of last year. Operating earnings were $30 million ($0.73 per diluted share), up from $23 million ($0.55 per diluted share) for the third quarter of 2010. Funded order backlog at September 30, 2011 was $856 million compared to $833 million at June 30, 2011. Third quarter booking activity was robust, with particular strength from U.S. operations and medical robotics. Order backlog does not include the substantial build phase of the RADARSAT Constellation Mission. Macdonald Dettwiler and Associates Ltd. ( T.MDA ) shares were up $1.66 at 45.09.