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Satnews Daily
June 24th, 2012

COM DEV International... Microwave Makings (Satellites)


[SatNews] COM DEV International Ltd. (TSX:CDV) has been awarded three significant contracts...

...to deliver hardware for commercial and military communications satellites. The combined value of the contracts is in excess of $11 million. In addition, one of the contracts is initially structured as an Authorization to Proceed, and is expected to lead to a fully funded contract valued at a further $3 million, bringing the total expected value of the three contracts to more than $14 million. All figures are stated in Canadian dollars. COM DEV will provide switches, multiplexer assemblies and other passive microwave equipment for the satellites. Work on the contracts will be carried out at the Company's facilities in Cambridge, Ontario and El Segundo, California, over the next 18 months.