Comtech Telecommunications Corp. Receives $15.8 Million Order Modification to Complete the Funding for Year 2 of BFT-1 Sustainment Services
MELVILLE, N.Y.--(BUSINESS WIRE)--
May 22, 2013 —- Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that its Germantown, Maryland-based subsidiary, Comtech
Mobile Datacom Corporation, received a $15.8 million order modification
to complete the funding and ordering for Year 2 of Blue Force Tracking
("BFT-1") sustainment services for the U.S. Army. This order
modification, when combined with a $5.0 million funded order previously
received, is intended to fully support Year 2 of BFT-1 sustainment
services at $20.8 million and includes $10.0 million for Year 2 of the
annual intellectual property ("IP") license fee. The remaining Year
2 funding is to be used for various services including network
operations center services and telehousing. The performance period for
Year 2 began on April 1, 2013 and extends through March 31, 2014.
As previously announced, the U.S. Army has informed the Company that it
ultimately intends to award and fund a separate contract to Comtech to
procure future BFT-1 sustainment services (including the annual IP
license fee) for performance periods beyond March 31, 2014.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., stated, "We are pleased that the U.S. Army has
fully funded Year 2 of BFT-1 sustainment services and we are proud to
continue our support to the U.S. Army to ensure this vital system
remains operational for U.S. and Allied forces worldwide."
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 Contact: Michael D. Porcelain, Senior Vice President
and Chief Financial Officer (631) 962-7000 Info@comtechtel.com