COM DEV Wins Over $20 Million of Satellite Equipment Contracts

Nov. 2, 2011

COM DEV International Ltd. has recently been awarded contracts for work on a number of satellites with a total value in excess of $20 million. In each case the awards represent repeat business from long-standing customers of COM DEV. Expected completion dates on the contracts range from nine months to several years. These awards will be included among COM DEV's orders for the fourth quarter of fiscal 2011, which concluded on October 31, 2011.

"We had a strong finish to the fourth quarter," said Michael Pley, CEO of COM DEV. "Every division of the Company won new business in the past couple of weeks, including both the equipment segment and the data services segment. Orders originated from all of our major markets, and the work will be carried out at our facilities in Canada, the US and Europe."

"The demand for communications satellite capacity remains robust," said Mike Williams, President of COM DEV International Products. "The strength of our customer relationships and the competitiveness of our product offerings have enabled us to continue to win a solid share of the available work."