[SatNews] COM DEV International Ltd. (TSX:CDV) has signed a contract to provide payload equipment for a commercial satellite that will offer a range of communications services to a portion of the Asian market.
COM DEV will supply switches, multiplexers and other passive microwave equipment valued in excess of $5 million.
Work on the contract is being carried out at COM DEV's facility in Cambridge, Ontario, Canada, throughout the current calendar year. A portion of the contract amount was included in the new orders the Company reported for the first quarter of fiscal 2015, during which it received an initial Authority to Proceed (ATP) on the program, with the balance to be reported among second quarter orders.
"Emerging markets such as Asia continue to be a strong driver of overall demand for commercial communications satellites," said Mike Williams, president of COM DEV's products division. "This satellite will help the operator expand its business by addressing demand for additional capacity in its local market."