EL SEGUNDO, CA, Oct. 21 /PRNewswire-FirstCall/ -- COM DEV USA, LLC, a subsidiary of COM DEV International Ltd. (TSX: CDV), today announced that it has been awarded a contract valued in excess of US$7 million to supply passive microwave equipment for a US Government space program. The current contract covers work on the third spacecraft in a multiple-satellite constellation. It follows previous contracts on the first two satellites awarded to COM DEV USA through the Passive Microwave Devices product line it acquired in 2008. Design and production work will be performed at COM DEV USA's manufacturing facility in El Segundo, California with delivery scheduled for midway through calendar 2010.
"We are excited to continue working on this program, which is one of several major, ongoing US Government programs that constitute part of the deep heritage of our company," said Dan White, President of COM DEV USA. "We believe each of these programs represents a very solid opportunity for us to win follow-on work at such time as additional satellites are ordered."
In addition to the work being undertaken at its California subsidiary, COM DEV's Cambridge, Ontario facility is supplying other passive microwave equipment for a separate payload on the same satellite.
About COM DEV
COM DEV International Ltd. (http://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.
Com Dev International Ltd.
CONTACT: Gary Calhoun, Chief Financial Officer, COM DEV International,
Tel: (519) 622-2300 ext. 2826, gary.calhoun@comdev.ca; Dan White, President,
COM DEV USA, Tel: (424) 456-8006, dan.white@comdev-usa.com; Jeff Codispodi,
The Equicom Group, Tel: (416) 815-0700 ext. 261, jcodispodi@equicomgroup.com
