The Canadian company will spin off its ExactEarth subsidiary, which provides satellite data services.
Low-cost system would improve maritime awareness, safety and security.
Cites currency hedging and other items.
All Canadian government departments will have full access to exactAIS data service.
New satellite orders during Q1 totalled $36.6 million.
Work will be done at its Cambridge and California operations.
The work, worth up to $18.7 million will take place in the UK and last up to 30 months.
$4.7M contract for a repeater that will be used by search and rescue satellite system.
Work to be done in Cambridge, Ont. and Aylesbury, UK.
COM DEV has won a contract valued at more than $8 million to provide hardware for a commercial satellite providing communications coverage across the Middle East, Africa and Asia.