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Comtech Telecommunications Announces $1.8 Million Contract for Solid State Amplifiers

September 21, 1999 at 12:00 AM EDT
Comtech Telecommunications Announces $1.8 Million Contract for Solid State Amplifiers Melville, NY - September 21, 1999 - Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that it has received a follow-on contract valued at approximately $1.8 million for the production of a solid state amplifier used in Condor Systems, Inc's Shortstop Electronic Protection System (SEPS).

The contract was awarded by Condor to Comtech's New York operating unit, Comtech PST Corp. It is the second award under a 1998 joint agreement. The first, announced in March, 1998, was for approximately $1,600,000.

Shortstop is a portable and silent system which creates an electronic signal that causes mortar, artillery shells and rockets fitted with proximity fuses to explode prematurely by signaling that they have reached their target.

The award announced today is part of a project in which Condor is providing the U. S. Army with Shortstop systems for urgent field deployment. The Army and other government customers have requested additional production which, if funded, would begin in 2000 and continue for three to five years. This would involve solid state amplifier contracts with an estimated total value of $15 - $25 million.

Fred Kornberg, president and chief executive officer of Comtech Telecommunications, said he is delighted with today's announcement both because it involves a proprietary technology developed by Comtech over the past four years and because of the Shortstop program's excellent potential for providing years of follow-on business. "This is a good excellent example of the ways in which Comtech is able to use its technological capabilities to meet unique needs for highly specialized products, generating significant new sources of revenue in the process," Mr. Kornberg said.

Condor Systems, Inc., is a privately held defense electronic firm headquartered in San Jose, California, is a world leader in intelligence and electronic warfare systems and products.

Comtech Telecommunications, Corp., through its operating units, is a broad-based supplier of packet data communications services, state-of-the-art solid state high power amplifiers and high technology satellite and over-the-horizon microwave telecommunication products and systems for commercial and government applications.