The company expects to complete work on the contracts within the first half of its 2011 fiscal year at its facility in Cambridge, Ontario.
In the course of negotiating this contract, COM DEV has provided the customer with pricing for similar work on three additional satellites that the customer has been awarded on various programs. The customer may elect to exercise its options by awarding additional contracts to COM DEV within the next three months.
"This contract demonstrates yet again that we have been successful in winning new business in a commercial communications satellite market that has remained very robust," said John Keating, CEO of COM DEV International. "We appreciate the confidence this longtime customer has shown in awarding us a significant amount of work on this satellite, as well as considering us for additional work."
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