Satellite Technology News

powered by google

Satellite Spotlight:  

Satellite Technology RSS Feed
Share

TMCNet:  COM DEV Wins Follow-On Contract for U.S. Government Satellite Program

[November 26, 2012]

COM DEV Wins Follow-On Contract for U.S. Government Satellite Program

CAMBRIDGE, ON, Nov. 26, 2012, 2012 (Canada NewsWire via COMTEX) -- COM DEV International Ltd.

(TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded a follow-on contract to deliver active and passive microwave equipment in support of a major U.S.

Government procurement. The funding released is to cover initial engineering and procurement activities for two additional flight sets of equipment, with the balance of the contract expected to be placed by the end of January, 2013. The projected full contract value will be in excess of $19 million. Work will be carried out at the Company's facilities in Cambridge, Ontario, and Aylesbury, UK, with project completion expected by November 2015.

"We are pleased with this contract win which now covers work on six flights of this program," said Mike Williams, President of COM DEV International Products in Cambridge. "This demonstrates the reliability of our equipment and customer's confidence in our ability to achieve their project goals." Rob Spurrett, President of COM DEV Europe in Aylesbury, UK added "We are very proud that secure communications technologies developed in the UK continue to be valued by the US." About COMDEV COM DEV International Ltd. (www.comdevintl.com) is a leading global designer and manufacturer of space hardware subsystems. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.

This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the Company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company.

The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.

SOURCE: Com Dev International Ltd.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/26/c3263.html SOURCE: Com Dev International Ltd.

Gary Calhoun Chief Financial Officer Tel: (519) 622-2300 ext. 2826 gary.calhoun@comdev.ca Craig MacPhail TMX Equicom Tel: (416) 815-0700 ext. 290 cmacphail@tmxequicom.com

[ Satellite Spotlight's Homepage ]


blog comments powered by Disqus

FREE Satellite eNewsletter

Subscribe to our free weekly Satellite Spotlight eNewsletter!

Get the latest expert news, reviews & resources. Tailored specifically for Satellite Technology and Communications.

Satellite Technology White Papers

Innovative Features Mean Major Savings for Cellular Operators Using Satellite Backhaul
With the rising cost of satellite bandwidth and the need for more of it to support an ever increasing number of voice, data and now video services, operators must seek ways to reduce both their hardware investment costs and operating expenses, especially when fierce competition forces them to provide these new services without raising their rates.

Satellite Technology Features