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Com Dev announces satellite contract

Media | 06/09/2015 2:11 pm EDT

Com Dev International Ltd. on Tuesday announced a multimillion-dollar deal to develop satellite equipment. It said in a press release that it will develop multiplexers and switches that will be built over the next year in Cambridge, Ont. The initial work is valued at $4 million, and the full contract expected to exceed $9 million, Com Dev said.   The buyer was not disclosed, though Mike Williams, president of products division, said in the release that it is "a long-standing customer."...