Jamming is an important factor in the military satellite communication system. In this paper, link capacity and jamming margin of the DS-CDMA(Direct Sequence-Code Division Multiple Access) military satellite communication system are analyzed and calculated under a multitone jamming. The analysis was performed with two types of transponders loaded on a geosynchronous satellite. Calculation methods for link capacity and jamming margin were obtained. The results of the analysis show that capacity of a transponder which does modulation/demodulation, decoding/encoding in addition to despreading/respeading is twice as much as that of a tranponder which does despreading /respreading only.