COM DEV International Ltd. [TSX: CDV] has announced the company has received 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—Cambridge, Ontario
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