CAMBRIDGE, ON, Nov. 2, 2011 /CNW/ - COM DEV International Ltd. (TSX:
CDV), a leading manufacturer of space hardware subsystems, announced
that it has recently been awarded contracts for work on a number of
satellites with a total value in excess of $20 million. In each case
the awards represent repeat business from long-standing customers of
COM DEV. Expected completion dates on the contracts range from nine
months to several years. These awards will be included among COM DEV's
orders for the fourth quarter of fiscal 2011, which concluded on
October 31, 2011.
"We had a strong finish to the fourth quarter," said Michael Pley, CEO
of COM DEV. "Every division of the Company won new business in the
past couple of weeks, including both the equipment segment and the data
services segment. Orders originated from all of our major markets, and
the work will be carried out at our facilities in Canada, the US and
"The demand for communications satellite capacity remains robust," said
Mike Williams, President of COM DEV International Products. "The
strength of our customer relationships and the competitiveness of our
product offerings have enabled us to continue to win a solid share of
the available work."
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.
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