Contract assures COM DEV $8.5 million in switch orders over two-years
CAMBRIDGE, ON—Space hardware subsystems manufacturer COM DEV International Ltd. has signed a long-term agreement to supply satellite switch products to a contractor. The contract assures COM DEV $8.5 million in switch orders over the two-year duration of the agreement.
Under the agreement, COM DEV and its customer will advance on pricing, general requirements, and other general terms for switch orders anticipated over the contract period.
For the customer, Dev Com said the arrangement secures an important aspect of its supply chain, offers favourable pricing and turnaround times, and enables efficiencies through the use of standardized components.
For COM DEV, the agreement facilitates production planning, improves the efficiency of the sales process, and assures the company of a specified sales volume of switches, including its latest generation switch product.
“Today’s announcement is a recognition both of our leadership position in switches and the trust we have earned with this customer,” said Mike Williams, president of COM DEV’s products division. “We have been working to standardize key aspects of our product line wherever possible so that our customers can place orders like they are selecting from a catalogue. This approach benefits both parties in the areas of design, procurement, production and overall costs.”