EL SEGUNDO, CA, Feb. 28, 2012 /CNW/ - COM DEV USA, LLC, a subsidiary of
COM DEV International Ltd. (TSX: CDV), today announced that it has
added Lockheed Martin Space Systems Company to its customer roster.
While the first order placed by Lockheed Martin is small (under $1
million), it allows COM DEV USA to demonstrate its capabilities to
Lockheed Martin in a tangible way. The contract includes design, space
qualification, and production of high power, microwave flight hardware.
Commenting on the announcement, Dan White, President COM DEV USA said
"We are thrilled to be able to call Lockheed Martin our customer.
After three years in the market here in California, we have become a
solid, reliable tier two equipment supplier to the Space Industry in
the United States. Adding Lockheed Martin as a customer is something
we have been targeting for some time, and receiving this initial order
is very satisfying. We look forward to a long and productive
relationship with Lockheed Martin."
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:
Chief Financial Officer
COM DEV International
Tel: (519) 622-2300 ext. 2826
President, COM DEV USA
Tel: (424) 456-8006
The Equicom Group
Tel: (416) 815-0700 ext. 261