June 21, 201
COM DEV International Ltd. has been awarded three significant contracts to deliver hardware for commercial and military communications satellites. The combined value of the contracts is in excess of $11 million. In addition, one of the contracts is initially structured as an Authorization to Proceed, and is expected to lead to a fully funded contract valued at a further $3 million, bringing the total expected value of the three contracts to more than $14 million. All figures are stated in Canadian dollars.
COM DEV will provide switches, multiplexer assemblies and other passive microwave equipment for the satellites. Work on the contracts will be carried out at the Company's facilities in Cambridge, Ontario and El Segundo, California over the next 18 months.
"These contract awards continue to validate our view that the market for our core equipment products is healthy," said said Michael Pley, CEO of COM DEV. "It also demonstrates the faith our repeat customers have in us to consistently deliver quality hardware on time to meet their needs."
