Comtech Telecommunications Corp. Announces $51.7 Million of Blue Force Tracking System Orders
April 4, 2011 at 10:00 AM EDT
MELVILLE, N.Y., April 4, 2011 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received orders totaling $51.7 million under its Blue Force Tracking, or BFT-1, contract with the U.S. Army.
The multiple orders provide for satellite bandwidth, satellite network operations, engineering services, program management, support and mobile satellite transceivers for the Force XXI Battle Command Brigade and Below — Blue Force Tracking (FBCB2-BFT) program and extend the supply of satellite bandwidth, and related professional support services, through March 2012. Total orders received to-date under the $384.0 million BFT-1 contract are $339.3 million.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are pleased to receive these latest BFT orders, which demonstrate the ongoing importance of the Army's BFT-1 satellite tracking and communication system."
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services through the use of advanced communication and network technology. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
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