EL SEGUNDO, CA, June 28, 2012 /CNW/ - COM DEV USA, LLC, a subsidiary of COM DEV International Ltd. (TSX: CDV), today announced it has been awarded a follow-on contract by Boeing Satellite Systems to supply filters, switches and ferrite components for use in NASA's Tracking and Data Relay Satellite (TDRS) program. The TDRS M flight set contract is valued at approximately US$12 million. COM DEV USA successfully completed the engineering and production of over 800 flight qualified components for the TDRS K and L satellites last year.
"The TDRS K and L contract was the first competitive win for COM DEV USA and represented a major milestone for the company," said Dan White, president of COM DEV USA. "It provided the opportunity to exercise our engineering capabilities across all product lines, as well as validate our processes. Boeing was then and remains a highly valued customer, and we look forward to continuing to meet their needs for passive microwave equipment."
The TDRS System, also referred to as the NASA Space Network, is a constellation of telecommunications satellites in geo-stationary orbit capable of providing high bandwidth (S, Ku, and Ka band) communications services for low Earth orbiting spacecraft and expendable launch vehicles. Boeing Space and Intelligence Systems was awarded the TDRS K and L contract in December 2007. The contract had options for two additional spacecraft, TDRS M and N.
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.
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