CAMBRIDGE, ON, Oct. 20 /CNW/ - COM DEV International Ltd. (TSX:CDV), a
leading manufacturer of space hardware subsystems, today announced that
it has been awarded a contract to provide switches, multiplexers and
filters for a commercial communications satellite. The contract,
valued in excess of CDN$6 million, represents the third satellite order
resulting from a four-satellite agreement with a total potential value
in excess of CDN$23 million. The Company expects to complete work on
the current contract by the end of fiscal 2011 at its facility in
"This latest order reinforces the fact that our core commercial products
business, which typically generates more than 60% of our revenue, is
performing very well this year," said Michael Pley, Interim CEO of COM
DEV. "These results have been driven by strong demand in the
underlying communications satellite markets and by our continued
success in winning work on the vast majority of available programs."
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global designer and manufacturer of space hardware
subsystems. With facilities in Canada, the United Kingdom and the
United States, COM DEV manufactures advanced products and subsystems
that are sold to major satellite prime contractors for use in
communications, space science, remote sensing and military satellites.
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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