COM DEV Wins Over $20 Million of Satellite Equipment Contracts

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 Europe."

"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.

For further information:

Gary Calhoun
Chief Financial Officer
Tel: (519) 622-2300 ext. 2826
gary.calhoun@comdev.ca
      Jeff Codispodi
The Equicom Group
Tel: (416) 815-0700 ext. 261
jcodispodi@equicomgroup.com

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Com Dev International Ltd.

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