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Norsat Wins Military Contract For Satellite Terminals
Norsat International [Nasdaq: NSAT], a Burnaby, British Columbia-based firm, has won a contract worth in excess of C$1 million (US$730,000) to supply components for use in military shipboard satellite terminals. The contract is with a military customer–whose name cannot be disclosed due to contractual agreements–that previously purchased 24 Norsat SecureLink satellite terminals (formerly called picoTerminal). These terminals were deployed in the field during 2002.
Under the same contract, the client has the option to purchase an additional C$800,000 (US$583,000) of the same components within the next 19 months.
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