Comtech Telecommunications Corp. Announces $6.1 Million Increase in Order Funding to Support the U.S. Army's Blue Force Tracking Program
September 22, 2014 at 2:30 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
September 22, 2014--Comtech Telecommunications Corp. (NASDAQ:CMTL)
announced today that its Maryland-based subsidiary, Comtech Mobile
Datacom Corporation, received an additional $6.1 million of funding for
its previously announced three-year sustainment contract to support the
U.S. Army's Force XXI Battle Command Brigade and Below - Blue Force
Tracking ("BFT-1") program, a battle command real-time situational
awareness and control system.
With this funding and an additional $5.0 million that we previously
received, the base year of both our BFT-1 sustainment contract and BFT-1
intellectual property license contract has now been fully funded at the
$23.6 million value. The base year of the three-year BFT-1 sustainment
contract began on April 1, 2014 and ends March 31, 2015.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are pleased to receive this
additional funding and the opportunity to continue to provide our
support for the U.S. Army through the base year of the contract."
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, RF microwave amplifiers and
mobile data communications. 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.
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer (631) 962-7000 Info@comtechtel.com