Comtech Telecommunications Corp. Receives Additional Orders for Its Movement Tracking System
August 6, 2003 at 11:00 AM EDT
MELVILLE, N.Y., Aug 6, 2003 (BUSINESS WIRE) --
Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corp., has recently received a $2.0 million order for installation and support services.
This order relates to Comtech Mobile Datacom's Movement Tracking System, or MTS, contract with the U. S. Army's Logistics Command. This order, when combined with other recently received orders, brings the total orders on the contract to-date to $71.3 million.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "These orders, which were funded in the U.S. Army's fiscal 2003 budget, combined with previous awards will make fiscal 2003 a banner year for our Comtech Mobile Datacom segment."
Comtech Mobile Datacom Corp., a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services for the land transportation, remote sensing, utility and aviation markets. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com.
Comtech Telecommunications Corp. is an innovative player in domestic and global high-technology markets. Through its operating units, Comtech pursues opportunities in three interrelated market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications services. In each of these segments, growth has been driven by increasing demand for telecommunications infrastructure and network and messaging services. The Company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over-the-horizon microwave, terrestrial line-of-sight and other wireless communications systems. More than 300 distinct Comtech products are in service in more than 100 countries.
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, 631-777-8900
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