[SatNews] COM DEV International Ltd. (TSX:CDV) has received an order to supply passive microwave equipment for a communications satellite.
The initial Authorization to Proceed (ATP) is valued at $4 million, and is expected to lead to a full contract valued in excess of $9 million. Work will be carried out at COM DEV's facilities in Cambridge over the next year. All figures in this release are stated in Canadian dollars.
COM DEV will develop multiplexers and switches for the satellite, which will fly in geostationary Earth orbit (GEO) and provide a range of communications services. The customer and program cannot be identified for contractual reasons.