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Satnews Daily
October 24th, 2013

COM DEV International—A Further Understanding (Components)

[SatNews] COM DEV International Ltd. (TSX:CDV) has announced that one of its customers has exercised options for additional equipment valued at over $15 million on a previously announced contract.

The initial multi-satellite award, which was announced on September 4, 2012, was valued at $14 million, with the potential to increase to $26 million if all options were exercised by the customer. The options now exercised by the customer, total over $15 million, and bring the aggregate value of work won on this multi-satellite contract to over $30 million.

COM DEV will provide L, C & Ku-band filters, multiplexers, switches and microwave components, with work being performed in COM DEV facilities in Cambridge and El Segundo. Delivery will be complete by October 2014.