REFILE-Macdonald Dettwiler says revenue could turn flat, (TSE: MDA)

Macdonald Dettwiler and Associates (MDA.TO), the Canadian satellite and data distribution company, reported a rise in quarterly profit on Friday and announced a share buy-back, but it warned of flat revenues next year. MDA, famous for creating the robotic arm used on NASA space shuttles, lost a major source of business with the withdrawal of Canadian troops from Afghanistan this year, while a Ukrainian communications satellite project has hit hurdles. Nevertheless, the company said its second-quarter operating profit jumped 28 percent. Revenue rose 21 percent to C$194.9 million ($204 million), but that missed the average analyst expectation of C$200.3 million. It also said it aims to purchase back up to C$500 million of its shares.