Posted March 13, 2009
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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.

© Copyright 2009/Exchange Morning Post/Exchange Business Communications Inc.
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