Comtech Telecommunications Corp. Awarded Multi-Million Dollar Contract to Develop and Produce the U.S. Navy's Advanced Time Division Multiple Access Interface Processor
April 22, 2013 at 1:00 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
April 22, 2013--Comtech Telecommunications Corp. (NASDAQ: CMTL)
announced today that its Tempe, Arizona-based subsidiary, Comtech EF
Data Corp., received a contract with a potential value of approximately
$29.0 million, to develop and produce the Advanced Time Division
Multiple Access (TDMA) Interface Processor (ATIP) for the Space and
Naval Warfare Systems Command (SPAWAR). The ATIP will replace the Navy's
legacy TDMA Interface Processor. The ATIP is a Layer-2 Ethernet bridging
device that will be installed on ship, shore and submarine platforms in
the Navy Multiband Terminal (NMT).
The contract includes options for development and engineering services
including software design and development, test and evaluation support
and sustainment support on a cost-plus basis. The contract also provides
for the eventual production of the ATIP terminals at a firm-fixed price
over a four year period through 2018. The total contract value,
including production options, approximates $29.0 million. The Company
received its first development order for $7.5 million relating to the
development phase of the ATIP and funding for this order has initially
been set at $4.5 million. Comtech has a long history of successfully
supporting the Navy and was chosen for this competitive award because it
offered the overall best value. The tasks on the $7.5 million order, if
fully funded, are expected to be completed by April 2014.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. commented, "We are very excited about this
opportunity. Supporting the Protected MILSATCOM network is a new product
area for Comtech EF Data. There is significant room for growth and
innovation in this area to drive down costs and to increase capabilities
for the U.S. Government. We look forward to providing the Navy the next
generation ATIP devices to help expand the functionality and
capabilities of their network."
Comtech EF Data Corp. is the recognized global leader in satellite
bandwidth efficiency and link optimization. Their advanced communication
solutions encompass Advanced VSAT Solutions, Modems, RAN & WAN
Optimization, Managed Bandwidth and RF products. The Company is
recognized as a technology innovator, and has a reputation for
exceptional product quality and reliability. The solutions enable
commercial and government users to reduce OPEX/CAPEX and to increase
throughput for fixed and mobile/transportable satellite-based
applications. For more information, visit www.comtechefdata.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.
PCMTL
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer 631-962-7000 info@comtechtel.com