EL SEGUNDO, CA, Oct. 20 /PRNewswire/ - 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$6 million to provide UHF passive microwave equipment for a satellite payload. The equipment will be similar to that which COM DEV USA is supplying under a previous contract awarded by the same customer in 2009. Design and production work will be performed at COM DEV USA's manufacturing facility in El Segundo, California with delivery scheduled by the end of calendar 2011.
Earlier today, COM DEV International announced a separate contract under which its International Products division will provide equipment for the same satellite.
"We are very pleased to see two divisions of our organization win contracts on the same spacecraft," said Michael Pley, Interim CEO of COM DEV International. "Both had to compete separately for the business, and their joint success demonstrates the leadership each enjoys in its respective market, as well as the synergies available to us from our US expansion strategy."
About COM DEV
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.
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SOURCE Com Dev International Ltd.