CAMBRIDGE, ON, April 6 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has begun work on the design phase (Phase C) of the Canadian Space Agency's RADARSAT Constellation Mission (RCM). COM DEV's role includes the development of key payload subsystems, and the current phase is focused on completing detailed designs and associated hardware qualifications.
MacDonald, Dettwiler and Associates Ltd. (MDA), the prime contractor for RCM, has awarded COM DEV an authorization to proceed (ATP) valued at CDN$720,000. The ATP is in advance of the full negotiated contract currently under discussion between the Canadian Space Agency and MDA on the full terms of the Phase C contract, which, when concluded, is expected to bring more work to COM DEV's facility in Cambridge, Ontario. The program is being funded in phases and COM DEV also anticipates being involved in the final build phase.
"The RADARSAT Constellation Mission is a very exciting program that will provide many benefits to Canadians," said John Keating, CEO of COM DEV. "We were encouraged to see the federal government recently confirm significant levels of funding to complete this program."
The RADARSAT Constellation will be a specialized fleet of Earth Observation satellites designed to complement the Canadian Space Agency's legacy RADARSAT Program by providing more timely and comprehensive data than is currently available. The baseline mission includes three satellites planned for launch in 2014 and 2015, but the constellation is designed to be scalable to six satellites. RCM's objectives include frequent surveillance and monitoring of Canada's coastal areas, northern territories, Arctic waterways, maritime areas of strategic interest and resource management across the country. RCM will also support Canada's contribution to global disaster management and surveillance.
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.
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