Comtech Awarded Three Year $123.6 Million Contract from U.S. Army
March 5, 2018 at 10:00 AM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
March 5, 2018--Comtech Telecommunications Corp. (Nasdaq:CMTL) announced
today that during its second quarter of fiscal 2018, its Command &
Control Technologies group, which is part of Comtech's Government
Solutions segment, has received a three year contract award valued at
approximately $123.6 million to provide ongoing sustainment services for
the AN/TSC-198A SNAP (Secret Internet Protocol Router (SIPR) and
Non-classified Internet Protocol Router (NIPR) Access Point), Very Small
Aperture Terminals (VSATs). SNAP terminals provide quick and mobile
satellite communications capability to personnel in the field and
Comtech will be the sole provider of these sustainment services.
"We are pleased that we have won this competitive solicitation to
provide sustainment services for the SNAP satellite earth station
terminals. We are pleased that the U.S. Army has selected us to continue
to perform this important work," said Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp. "We believe the
award of this contract further validates our strategy of putting more
emphasis on important contracts and working closely with the U.S. Army."
The contract was initially funded at $3.1 million with additional
funding expected to occur across the performance period.
The Command & Control Technologies group is a leading provider of
mission-critical, highly-mobile C4ISR solutions.
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.