Today we’re introducing our new Tuesday feature, Short Cuts. These are short notes on awarded contracts, new tenders, upcoming notable events and any noteworthy news. If you would like to submit a Short Cut, please email us at [email protected] with the words Short Cuts in the subject line.
Read More »One of Canada’s larger space companies is reportedly up for sale. The report by Reuters says COM DEV approached several companies about a possible sale. On the news COM DEV’s stock shot up and trading was halted for about three hours.
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This past Friday the Honourable Gary Goodyear, Minister of State (Federal Economic Development Agency for Southern Ontario) announced at the headquarters of COM DEV International that the government had selected 21 companies and 38 research and development projects to fund as part of the Canadian Space Agency’s (CSA) Space Technology Development Program (STDP).
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As COM DEV announced its fourth quarter and year-end fiscal 2014 results today they announced that they would be closing their only U.S. facility in El Segundo, California effective March 16, 2015.
Read More »Ontario Premier Kathleen Wynne was in Cambridge Ontario to announce a $1-million grant to COM DEV to boost the company in creating more jobs and keeping it’s place as a top company in the space sector.
Read More »It’s been a long wait but after completing extensive testing Canada’s first dedicated military satellite, Sapphire, is ready for service.
Read More »COM DEV (TSE:CDV) which on October 10th announced its largest commercial contract of $65 million ever, saw its stock target price boosted to $5.00 from $4.75 the next day by Canaccord Genuity. The renewed confidence in the company comes as analysts believe the company has rebounded from the lows of 2011.
Read More »COM DEV International Ltd. announced that it has won a contract to begin work on the development of an advanced satellite payload that will be used in the next generation of the global search and rescue system known as Cospas-Sarsat.
Read More »A Russian Soyuz-FG vehicle launched early Sunday morning from the Baikonur Cosmodrome in Kazakhstan with five satellites onboard including COM DEV’s ExactView-1 as a secondary payload. Other satellites included the primary payloads of the Russian satellite KANOPUS-V1 (Canopus-B) and Belarusian BKA satellite and other secondary payloads MKA-PN1 from Russia and German TET-1.
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It’s been a pretty good start to the year for COM DEV, the Cambridge based international space systems company. On April 12th the company reported improved profitability in its quarterly earnings report. Since then they’ve booked three new orders worth US $21 million including a new order today.
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