Comtech Telecommunications Corp. Receives $7.3 Million Order for BFT Transceivers to Support Immediate Needs
September 29, 2009 at 9:31 AM EDT
MELVILLE, N.Y., Sep 29, 2009 (GlobeNewswire via COMTEX News Network) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received net orders aggregating $2.4 million (including a $7.3 million order for BFT transceivers) under its current BFT contract. Total orders received to date against this $216.0 million contract increased to $213.8 million.
In order to support immediate needs of the U.S. Army's Force XXI Battle Command Brigade and Below -- Blue Force Tracking ("BFT") program, the U.S. Army placed a $7.3 million order for the supply of our MT-2011 mobile satellite transceiver and related engineering and support services. The U.S. Army canceled a previously placed purchase order of $5.0 million for certain satellite air-time in order to place this new order within the confines of the current contract ceiling. We expect that the BFT program office will reorder the canceled satellite services when additional funding becomes available and the contract ceiling is increased.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We believe this order demonstrates the importance that our BFT products and services play in meeting current and future U.S. Army operational requirements. Our MT-2011 transceivers will seamlessly integrate with our backward compatible next-generation Adaptive Multiple-User Detection technology that is currently being deployed throughout the U.S. Army's global BFT network, and which enables a significant improvement in overall system performance and an increase in the number of possible concurrent network users. We look forward to our continued involvement in the BFT Program and other critical programs for the Department of Defense."
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.