With the prospect of a weaker domestic market for Canada’s space sector companies, foreign markets become all that more important. Which is why this past week many Canadian companies trekked to Colorado Springs, Colorado for the annual National Space Symposium.
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The Canadian north’s need for reliable satellites was vividly illustrated in October 2011, when a software error aboard Telesat satellite Anik F2 caused it to malfunction.
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COM DEV International Ltd. has released its fourth quarter and year end financial results. Revenues in 2011 were $203.2 million compared to $220.9 million in 2010 – an 8% decrease.
Read More »COM DEV saw revenues decrease in the first quarter (Q1) of 2011 as compared to Q1 in 2010 from $56.7 million to $48.7 million but saw new orders rise to $59 million as compared to $51 million a year ago. In a move to show support for its stock COM DEV will also repurchase up to 10% of its stock.
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