CAMBRIDGE, ON, March 16 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been selected by EADS Astrium to provide passive microwave equipment for a series of four commercial communications satellites. COM DEV will supply switches, filters and multiplexers for use on the satellites which EADS Astrium is building for SES S.A. The satellites will deliver next generation broadcast, VSAT and broadband services in Europe and Africa.
COM DEV has initially been awarded authorizations to proceed (ATPs) valued at CDN$2.8 million. The ATPs are expected to lead to full contracts valued in excess of CDV$14 million, with work scheduled to be completed by early 2012 at COM DEV's facility in Cambridge, Ontario.
"EADS Astrium has been a customer for decades, and we're very pleased with the confidence they've shown in selecting us for a multi-satellite program," said John Keating, CEO of COM DEV International. "These satellites will provide both replacement and incremental capacity, demonstrating the ongoing trend of increasing demand for satellite communications services."
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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