CAMBRIDGE, ON, Jan. 2, 2013 /CNW/ - COM DEV International Ltd.
(TSX:CDV), a leading manufacturer of space hardware subsystems, today
announced that it has been awarded an Authorization to Proceed (ATP)
contract from MacDonald Dettwiler and Associates ("MDA") to work on a
project to deliver Ku-band and Ka-band multiplexers, switches and
microwave components. The funding release of $5.1 million is to cover
the initial engineering and procurement activities. The components will
be used for a communications satellite which is expected to launch in
2014 and will enhance the capacity of an existing satellite
constellation. The full contract value is expected to be in excess of
$11 million with an option for a replacement flight set for an
additional amount in excess of $10 million. Work will be carried out at
the Company's facility in Cambridge, Ontario with completion of the
original flight set expected by November 2013.
"We are pleased to have been awarded this contract from one of our
long-term customers," stated Mike Williams, President of COM DEV
International Products. "This reflects our acknowledged expertise in
providing communication satellite components with the highest quality
and efficiency and the continued trends in the marketplace for
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.
For further information:
Chief Financial Officer
Tel: (519) 622-2300 ext. 2826
Tel: (416) 815-0700 ext. 290