CAMBRIDGE, ON, Jan. 17 /CNW/ - COM DEV International Ltd. (TSX:CDV), a
leading manufacturer of space hardware subsystems, today announced that
it has been awarded a contract valued in excess of US$9 million to
provide equipment for a military communications satellite. Combined
with pre-production work already completed, the total value of the
Company's work on this satellite will exceed US$12 million. COM DEV
will provide beam select subsystems and switch assemblies for the
satellite. The order is a follow-on award for COM DEV, which has
participated on previous spacecraft in the program. Work on the
contract will be carried out at the Company's facility in Cambridge,
Ontario with completion expected by end of its 2013 fiscal year.
"The military satellite communications market continues to be an
important one for us," said Michael Pley, CEO of COM DEV. "This order
adds to the military backlog that we already increased with the
announcement of two material contracts earlier in our fiscal first
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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