CAMBRIDGE, ON, July 5, 2012 /CNW/ - COM DEV International Ltd. (TSX:
CDV), a leading manufacturer of space hardware subsystems, today
announced that it has been awarded fully funded contracts from Space
Systems/Loral Inc. in excess of $10M USD, which are in addition to a
contract already awarded in May 2012 by Space Systems/Loral Inc. for
the same Program.
COM DEV will deliver Ka band microwave components and assemblies.
"This is a significant win," said Mike Williams, President of COM DEV
International Products. "In a highly competitive market this further
strengthens our relationship with a major customer in an important new
Work on the contract will be carried out at the Company's facility in
Cambridge, Ontario with completion expected by November 2013.
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global
provider of space hardware and services. With facilities in Canada,
the United Kingdom and the United States, COM DEV manufactures advanced
subsystems and microsatellites that are sold to major satellite prime
contractors, government agencies and satellite operators, for use in
communications, space science, remote sensing and defense applications.
COM DEV's majority-owned subsidiary, exactEarth Ltd., provides
satellite data services.
This news release may contain certain forward-looking statements that
involve risks and uncertainties. Actual results may differ materially
from results indicated in any forward-looking statements. The Company
cautions that, among other things, in view of the rapid changes in
communications markets and technologies, and other risks including the
cost and market acceptance of the Company's new products, the level of
individual customer procurements and competitive product offerings and
pricing, and general economic circumstances, the Company's business
prospects may be materially different from forward-looking statements
made by the Company.
The triangular logo and the word COM DEV are each registered trademarks
and the property of COM DEV Ltd. All rights reserved.
SOURCE Com Dev International Ltd.
For further information:
Chief Financial Officer
Tel: (519) 622-2300 ext. 2826
The Equicom Group
Tel: (416) 815-0700 ext. 261