Science & Technology
Science and Technology
Science and Technology
Tue, January 18, 2011
Mon, January 17, 2011
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 quarter."
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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