COM DEV International Ltd. (TSX:CDV) has been awarded an authorization to proceed (ATP) to provide switches, multiplexers and filters for two commercial communications satellites. The ATP, valued at CDN$500,000, is expected to lead to a full contract valued in excess of CDN$9 million. In addition, COM DEV has provided its customer with an option to order similar equipment for a third satellite. COM DEV expects to complete work on the first two satellites within approximately the next 15 months at its facilities in Cambridge, Ontario.
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