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 increased capacity."
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.
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