The Heron, an Unmanned Aerial Vehicle, leased through Macdonald Dettwiler and Associates Ltd. (MDA), is prepared for launch at Kandahar Airfield, Afghanistan, early February 11, 2009.
MacDonald, Dettwiler and Associates Ltd. said Monday it lost $54.2-million in its latest quarter as the company took a one-time charge related to the sale of its property information business.
The company, which is best known for its robotic and satellite technology, said the loss amounted to $1.32 per share in the quarter ended Dec. 31 compared with a profit of $30.2-million or 74 cents per share a year ago.
Revenue totalled $299.3-million, up from $237.5-million.
MDA said it earned $5.9-million or 14 cents per share from its continuing operations compared with a profit of $21.5-million or 53 cents per share a year ago.
The company's property information business, which operated mostly in the United States and Europe, sold data derived from satellite mapping and other means to real estate agents, banks, homebuyers, governments and others.
MDA signed a deal late last year to sell it to a U.S. private equity firm for $850-million. The company said it would use money from the sale to help diversify its business.
Last year, MDA announced an $11.5-million contract with the Canadian Space Agency to design, build and test lunar rover prototypes under CSA's exploration surface mobility program.
The results were reported after the close of markets.