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Deal Maker
COM DEV Awarded Contracts On European Commercial Program
CAMBRIDGE - COM DEV International Ltd. today announced it has been awarded a number of contracts and authorizations to proceed (ATPs) for work on a large European commercial satellite program. COM DEV will provide space electronics and passive microwave equipment including multiplexers, switches and power combining networks.
The total value of contracts and ATPs awarded to date is $9.4 million.
The conversion of ATPs into full contracts is expected to add a further $10
million to the total value of the orders. Approximately $2 million of revenue
on these orders has already been booked as of the end of January, 2009. All
work is expected to be completed within 18 months at the Company's facilities
in Cambridge, Ontario and Aylesbury, UK. The customer and the satellite
program involved cannot be named at this time because of contractual
requirements to get written permission from the prime contractor and the end
customer.
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