Comtech Telecommunications Corp. Awarded $14.4 Million Order to Supply Managed Satellite Services for the U.S. Marine Corps
September 29, 2016 at 12:30 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
September 29, 2016--Comtech Telecommunications Corp. (Nasdaq: CMTL),
announced today that during its fourth quarter of fiscal 2016, the
Defense Information Systems Agency (DISA) has exercised its third year
option to Maryland-based subsidiary, TeleCommunication Systems, Inc.
(TCS), which is part of Comtech's Government Solutions segment, to
continue to provide Ku satellite bandwidth, terrestrial support and
24-hour support services for the U.S. Marine Corps' Tactical Satellite
Communications Network. The third option year provides $14.4 million of
funding and covers the period from August 1, 2016 through July 31, 2017.
The customer has now funded $58.4 million to date on this contract.
This order was issued under the joint DISA/GSA Future Commercial SATCOM
Acquisition program. The U.S. General Services Administration and DISA
are managing this procurement through the $2.6 billion Custom SATCOM
Solutions (CS2) contract vehicle; TCS is one of eight prime contract
awardees of CS2. TCS is providing the Marine Corps with commercial
satellite services to various terminals in order to extend the Marine
Corps Enterprise Network for deployed users.
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.