Press Release

COM DEV announces $27 million increase in value of civil space contract

By SpaceRef Editor
July 29, 2008
Filed under , ,

COM DEV International Ltd. a leading manufacturer of space hardware subsystems, today announced contractual modifications to an existing civil space program that will result in the Company recording CDN$27 million of incremental revenue in addition to previously disclosed amounts. The work is expected to be completed over the next two years. The Company is unable to disclose further details pending permission from the customer.

About COM DEV

COM DEV International Ltd. (www.comdevintl.com) is a leading global designer and manufacturer of space hardware subsystems. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.

COM DEV, COM DEV International Products, COM DEV Canada, COM DEV USA and COM DEV Europe are registered trademarks of COM DEV International Ltd. 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.

For further information

Gary Calhoun, Chief Financial Officer, Tel: (519) 622-2300 ext. 2826, Fax: (519) 622-2158, gary.calhoun@comdev.ca

Jeff Codispodi, The Equicom Group, Tel: (416) 815-0700 ext. 261, Fax: (416) 815-0080, jcodispodi@equicomgroup.com

SpaceRef staff editor.