Growth in Norsat International’s satellite business offset declin...
Growth in Norsat International’s satellite business offset declines in its microwave business, Norsat CEO Aimee Chan said. Norsat is seeing particular growth in demand for portable satellite systems, Chan said. The Canadian government put $5.97 million into Norsat through…
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the Canadian Government’s Strategic Aerospace and Defense Initiative, Norsat said. The company will use the funds for research and development activities, Chan said. The money must be repaid with interest in 15 years. Norsat revenue grew to $4.9 million from $3.8 million for the same quarter in 2007, Norsat said.