CNW Group - 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) on integrated multiplexer and switch assemblies for a commercial communications satellite. The ATP, valued at US$1.5 million, is expected to lead to a full contract valued in excess of US$5 million. In addition, the contract assures COM DEV of similar work on up to three additional satellites that are expected to be ordered by the same end customer within the next five years, bringing the potential total value to over US$20 million. COM DEV expects to complete work on the first satellite within approximately one year at its Cambridge, Ontario facility.
Monday, September 28, 2009
COM DEV Wins Commercial Satellite Contract
CNW Group - 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) on integrated multiplexer and switch assemblies for a commercial communications satellite. The ATP, valued at US$1.5 million, is expected to lead to a full contract valued in excess of US$5 million. In addition, the contract assures COM DEV of similar work on up to three additional satellites that are expected to be ordered by the same end customer within the next five years, bringing the potential total value to over US$20 million. COM DEV expects to complete work on the first satellite within approximately one year at its Cambridge, Ontario facility.
