Com Dev Awarded $6.3 Million Commercial Satellite Contract

SPACEMART

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Cambridge - Mar 10, 2004
COM DEV International Ltd. has received a major contract to provide core COM DEV products and subsystems to a US customer for a large commercial satellite program. The contract is worth $4.8 Million US (Approximately $6.3 million CDN).

The name of the customer and the satellite program involved cannot be provided at this time because of contractual requirements to not name the customer or the customer's customer.

The contract work will be carried out at COM DEV's facility in Cambridge, Ontario over the next 12 months.

Commenting on this award, COM DEV's CEO, John Keating said, "This order won against stiff competition reflects the growing strength of our core space products relative to the recovering market.

"It is because our market share is growing that our order book is near an all time high and I am very confident of achieving this year's plan. At the same time we continue to engage in an exciting range of new opportunities any one of which holds potentially exciting prospects to accelerate future growth."

SPACEMART

Telecom Recovery Set To Trigger IPOs and More M&A Activity

New York - Mar 10, 2004
The telecom equipment market is breaking out of its prolonged slump, clearing the way for a number of potentially large initial public offerings (IPOs) and an increase in strategic industry mergers and acquisitions, according to a major new report released by Heavy Reading, the market research division of Light Reading Inc.

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