Com Dev Posts Rising Profit Creates Subsidiary for AIS Services

摘要

Satellite component builder Com Dev of Canada is reporting near-record revenue and backlog and improved profitability and said its near-term prospects in the defense, civil government and commercial satellite sectors are looking up.rnThe Cambridge, Ontario, company is so optimistic about its core businesses that it is raising its revenue forecast for the current fiscal year, which ends Oct. 31. Com Dev Chief Executive John Keating said in a June 11 conference call with investors that the company expects to raise revenue this year by 15 percent, to 242 million Canadian dollars ($216.4 million).