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.
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For further information:
Chief Financial Officer
COM DEV International
Tel: (519) 622-2300 ext. 2826