Com Dev

Description

Growth Strategy COM DEV has established an objective of growing faster than the overall space market, which tends to expand at a rate similar to global GDP growth. In order to achieve this goal we must continually advance beyond our present boundaries and increase our share of total industry spending. We intend to grow in several ways: In our traditional areas of focus "“ commercial switches, filters and multiplexers "“ we have a higher share of the market than all of our competitors combined. We plan to continue to grow by increasing the value we provide to our customers, and by improving the share of work we are awarded from certain prime contractors. We also work to maintain the production capacity to address the growing global demand for communications satellites. -Diversify into new market segments In recent years, COM DEV has leveraged its space engineering expertise to successfully expand into the civil and defense sectors of the market. Today those sectors have grown to represent half of the Company's total revenues. Our expansion into the U.S. market promises to open up new opportunities for us among civil and military programs. -Build a domestic U.S. presence The U.S. Government spends more on space missions than the rest of the world combined. COM DEV made a commitment to participating in that market by purchasing a production facility in California in 2007, and by acquiring an established passive microwave devices business in 2008. Our current focus is on completing the steps required to make COM DEV USA the clear leader in passive microwave equipment for U.S. Government missions. -Move up the value chain Our traditional strength has been the design and manufacturing of spacecraft components and subsystems. Our growth strategy includes applying our space engineering expertise to move upstream over time by developing capabilities to provide payloads, spacecraft, and potentially missions and services, while still respecting the domain of our existing customers. -Develop new products COM DEV is committed to the development, design and production of new technologies that can be effectively delivered via space-based platforms. We strive to identify niche opportunities driven by the needs of our customers where we have the potential to become a world leader. Core Strategic Principles Seven strategic principles define how COM DEV can create a more valuable Company for our customers, and ultimately for our shareholders. Starting from our existing competitive advantages, these core principles guide us in charting the best possible course for long term, profitable growth. High reliability market focus "High Rel" markets are those for which product technical performance and long term reliability are critically important, and customers are willing to pay a premium to suppliers with heritage in the field. COM DEV's capabilities and internal processes have been deliberately established to meet demanding High Rel requirements. In contrast, the manufacture of lower cost products calls for a different set of organizational skills. The space market will continue to dominate COM DEV's business.

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