COM DEV begins work on two commercial satellites

March 5, 2010

COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it 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.

“We are pleased to begin work on this program for one of our longstanding customers,” said John Keating, CEO of COM DEV International.  “The commercial satellite market has remained robust in 2010, and we are actively bidding on a number of additional contracts.”