EL SEGUNDO, CA, Sept. 29, 2011 /CNW/ - COM DEV USA, LLC, a subsidiary of
COM DEV International Ltd. (TSX: CDV), today announced that it has been
awarded a contract to supply equipment for a military communications
satellite. Valued in excess of US$5 million, the contract is a
follow-on order for an additional flight set of equipment on a
satellite program for which the Company is an incumbent supplier. COM
DEV USA will be providing filters, diplexers, ferrite devices and
switches for the satellite. Work on the contract will be carried out
at the Company's facility in El Segundo, California with completion
expected by the end of fiscal 2012.
"When COM DEV entered the US military satellite communications market in
2008, our stated intention was to be the tier two supplier of choice
for a full range of passive microwave devices into that market. Being
the incumbent on a number of continuing milsatcom programs has given us
the opportunity to demonstrate ourselves as an outstanding supply chain
partner to the prime contractors in this market," said Dan White,
president of COM DEV USA. "More importantly, our performance on these
programs has resulted in continuing contract awards, and we are
grateful for the confidence our customer continues to show in us."
Commenting on this contract award, Michael Pley, CEO of COM DEV
International said, "Even as new government programs are delayed by
spending restraint, our position as the incumbent supplier on a number
of continuing legacy satellite programs, coupled with our demonstrated
ability to deliver value to our customer, is providing our US based
business with a significant and steady flow of work, which we expect
will continue well into the future."
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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