COM DEV International Ltd. (TSX:CDV) 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 as many as three additional satellites expected to be ordered by the same end customer within the next five years,. This should bring 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.
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