COM DEV International Ltd.
today announced receipt of a major contract to provide core COM DEV products
and subsystems to a US customer for a large commercial satellite program. The
contract is worth $4.8 Million US (Approximately $6.3 million CDN). The name
of the customer and the satellite program involved cannot be provided at this
time because of contractual requirements to not name the customer or the
customer’s customer.
The contract work will be carried out at COM DEV’s facility in Cambridge,
Ontario over the next 12 months.
Commenting on this award, COM DEV’s CEO, John Keating said, “This order
won against stiff competition reflects the growing strength of our core space
products relative to the recovering market. It is because our market share is
growing that our order book is near an all time high and I am very confident
of achieving this year’s plan. At the same time we continue to engage in an
exciting range of new opportunities any one of which holds potentially
exciting prospects to accelerate future growth.”
About COM DEV
COM DEV International Ltd. (www.comdev.ca) based in Cambridge, Ontario,
is the largest Canadian-based designer and manufacturer of space hardware
subsystems.
COM DEV, with facilities in Canada and the United Kingdom, manufactures
advanced products and subsystems that are sold to major satellite prime
contractors for use in communications, space science, remote sensing and
military satellites.
COM DEV and COM DEV Space are registered trademarks of COM DEV
International Ltd. 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.
