CAMBRIDGE, ON, Oct. 10, 2013 /CNW/ - COM DEV International Ltd.
(TSX:CDV), a leading manufacturer of space hardware subsystems, today
announced that it has received its largest commercial award ever. This
major contract is in excess of $65 million to deliver C, Ku-band and
Ka-band multiplexers, switches and microwave components for multiple
satellites which will be part of a global network of communication
satellites. The initial funding release, in excess of $38 million, is
to cover procurement activities for these satellites as well as
engineering and manufacturing activities for the first satellite to be
delivered. Work will be ongoing until 2018, and will be carried out at
the Company's facilities in Cambridge, Ontario and El Segundo,
"COM DEV is pleased to support our longstanding customer on this
multi-satellite program," said Mike Williams, President of COM DEV
International Products."We are happy that this relationship has allowed
us to provide a technically optimized and cost-effective solution that
will enhance our leadership in the supply of passive microwave devices
for the communication satellite market."
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global provider of space hardware and services. The
company has a staff of 1,300, annual revenues of $208 million, and
facilities in Canada, the United Kingdom and the United States. COM DEV
designs manufactures, and integrates advanced products, 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. The company has
won contracts to supply its equipment on over 900 spacecraft. COM DEV's
majority-owned subsidiary, exactEarth Ltd., provides satellite data
services for global maritime surveillance.
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
Tel: (416) 815-0700 ext. 290