Comtech Awarded $42.7 Million Contract to Continue Support of the Blue Force Tracking Program
April 20, 2017 at 11:45 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
April 20, 2017 - Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that during its third quarter of fiscal 2017, its
Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is
part of Comtech's Government Solutions segment, has been awarded a
five-year contract, with a not-to-exceed value of $42.7 million, to
continue to provide sustainment support for the U.S. Army's Project
Manager Mission Command (PM MC) - Blue Force Tracking ("BFT-1") program.
BFT-1 is a battle command real-time situational awareness and control
Under the new five-year BFT-1 sustainment contract, Comtech will perform
engineering services, satellite network operations and program
management through a hybrid Firm Fixed Price (FFP)/Time & Materials
(T&M) contract with Cost Reimbursement CLINs. The base performance
period begins April 15, 2017 and ends April 14, 2018, and the contract
provides for four twelve-month option periods exercisable by the U.S.
Army. The total estimated value of the base year is $8.0 million. The
U.S. Army has placed an initial funded order of $3.5 million under this
contract and Comtech expects to receive an additional order shortly to
fully fund the base year.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are pleased that Comtech has again
been selected to work together with the U.S. Army to sustain this
critical worldwide military communications system. The award of this
contract further demonstrates the ongoing importance of the U.S. Army's
BFT-1 satellite tracking communication system."
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.comtechtel.com.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company sells products to a diverse customer base in the
global commercial and government communications markets.
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.