COM DEV Wins Commercial Satellite Contract
COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, announced that it has been awarded an Authorization To Proceed (ATP) contract to provide equipment for a commercial communications satellite. The initial release, which permits engineering activity to begin and production to start, is valued in excess of US$3 million. It is anticipated that the final contract will be in place by the end of March 2011, and will be in excess of US$11 million. COM DEV will provide L band switches, multiplexers and filters for the satellite designed for mobile communications. Work on the contract will be carried out at the Company’s facility in Cambridge, Ontario with completion expected by the middle of its 2012 fiscal year.
About COM DEV: www.comdevintl.com