COM DEV International Ltd. (TSX: CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded an Authorization to Proceed (ATP) contract to deliver Ku-band multiplexers, switches and microwave components. The initial funding release of $1 million is to cover initial procurement activities. The full contract award is expected by the end of August and will have a value in excess of $5 million. Work on the contract will be carried out at the Company’s facility in Cambridge, Ontario with completion expected by July 2014.
The components will be used on a high-power communications satellite that will be added to an existing constellation as a result of significant growth in digital communication demand in the region covered.
“This contract is a direct result of our expertise in Ku-band components and our long-term relationship with this client,” said Mike Williams, President of COM DEV International Products. “We are happy to be working again with this valuable customer and expect that our market position and the increasing global demand for bandwidth will help us to continue to win contracts like this.”
