Comtech Telecommunications Corp. Receives $1.6 Million Order for the Army National Guard's Acquisition of Movement Tracking System Equipment
October 24, 2006 at 12:00 AM EDT
MELVILLE, N.Y., Oct 24, 2006 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a $1.6 million order under its Movement Tracking System, or MTS contract, with the U.S. Army. The order is for the Army National Guard's acquisition of MTS installation kits. Total orders received to date against the $418.2 million U.S. Army logistics contract, including these National Guard orders, increased to $328.9 million.
The $1.6 million order from the Army National Guard was funded and issued pursuant to the recently enacted supplemental Army National Guard and Army Reserve Equipment Plan. To date, orders to Comtech from this supplement total $55.4 million.
The order is for the supply of installation kits to continue the deployment of MTS equipment throughout the Army National Guard. This order complements previous Army National Guard orders for Comtech's next generation Model MT-2012 mobile satellite transceivers, which feature embedded Radio Frequency Identification (RFID) and secure Global Positioning System (GPS) capabilities. Comtech's Model MT-2012 transceiver features Savi Technology's ISO-compliant EchoPoint RFID Reader, which Savi also has deployed in the U.S. Department of Defense's In-Transit Visibility (ITV) network.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are pleased to have received this follow-on order from the Army National Guard. The supplemental funding bill will enable further deployment of our field-proven technology used extensively by the U.S. Army and Army National Guard in areas of conflict, such as Iraq and Afghanistan, to be placed directly in the hands of the National Guard's first responders."
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 or ineffective. The Company conducts its 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.
Savi Technology is a leading provider of supply chain management and security solutions leveraging software and Automatic Identification and Data Collection (AIDC) technologies, including Radio Frequency Identification (RFID). Savi Technology is a wholly-owned subsidiary of Lockheed Martin Corporation (NYSE:LMT).
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.
SOURCE: Comtech Telecommunications Corp.
Comtech Telecommunications Corp.
Robert G. Rouse, Executive Vice President
and Chief Operating Officer