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Gary Calhoun
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Friday, 30 November 2007 |
COM DEV International Ltd. (TSX: CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded a contract to provide advanced payload electronics for a major commercial satellite constellation. The full contract is valued in excess of US$24 million, of which approximately US$7 million was previously awarded in the form of an Authorization to Proceed and subsequent amendments.
The incremental US$17 million award has been booked as a new order in COM DEV's 2007 fiscal fourth quarter. All work on the program will be completed at COM DEV's Cambridge, Ontario facility.
"This order is the result of several months of negotiations, and I am pleased to see our commercial space electronics and surface acoustic wave filter product lines benefit from such a contract win," said John Keating, CEO of COM DEV International Ltd.
About COM DEV
COM DEV International Ltd. 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. |
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