COM DEV USA wins contract for new WGS flight sets
EL SEGUNDO, CA, Aug. 2, 2012 /PRNewswire/ - COM DEV USA, LLC, a subsidiary of COM DEV International Ltd. (TSX: CDV), today announced that it has been awarded a contract by Boeing Space and Intelligence Systems to supply equipment for use in the Wideband Global SATCOM (WGS) program. The contract is valued at approximately US$5 million, and covers the tenth flight set for WGS, a U.S. military communications satellite program. COM DEV USA will be providing switches, filters, multiplexers, and ferrite devices.
This is a follow-on order for COM DEV USA, which has successfully delivered hardware for six satellites and is currently in production on WGS flight sets 7, 8 and 9. Work on the contract will be carried out at the Company's facilities in El Segundo, California with completion expected during the Company's 2013 and 2014 fiscal years.
"We have been a member of the WGS team since the inception of the program, and we are very pleased to maintain that status," said Dan White, President of COM DEV USA. "I believe the ongoing strength of our relationship with Boeing demonstrates the ability of our team to consistently deliver a full range of passive microwave equipment, on schedule, with the highest standards of quality and reliability."
WGS is the U.S. Department of Defense's highest-capacity communications satellite system. Each satellite provides more than 10 times the communications capacity of the prior Defense Satellite Communications System constellation. WGS provides essential communications services, allowing Combatant Commanders to exert command and control of their tactical forces.
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global provider of space hardware and services. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced subsystems and microsatellites that are sold to major satellite prime contractors, government agencies and satellite operators, for use in communications, space science, remote sensing and defense applications. COM DEV's majority-owned subsidiary, exactEarth Ltd., provides satellite data services.
This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the Company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company.
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