Comtech Telecommunications Corp. Awarded $14.5 Million Contract Modification to Supply Managed Satellite Services for the U.S. Marine Corps
July 5, 2017 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
July 5, 2017-- Comtech Telecommunications Corp. (Nasdaq: CMTL),
announced today that during its fourth quarter of fiscal 2017, its
Command & Control Technologies group, which is part of Comtech's
Government Solutions segment, has received a $14.5 million contract
modification from the Defense Information Systems Agency (DISA). The
modification will result in the exercise of the fourth-year option under
an existing contract to provide Ku satellite bandwidth and support
services for the U.S. Marine Corps'Tactical Satellite Communications
"The decision by DISA to exercise the fourth-year option demonstrates
that the Comtech team continues to provide a valued service to the
United States Marine Corps," said Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp. "Comtech is
committed to providing its customers with cost effective, reliable and
secure communications solutions that enable them to successfully
complete their missions."
The fourth option year covers the period from August 1, 2017 through
July 31, 2018. The customer has now funded $73.0 million to date on this
contract. Comtech is providing the Marine Corps with commercial
satellite services to various terminals to extend the Marine Corps
Enterprise Network for deployed users.
This order was issued under the joint DISA/ The U.S. General Services
Administration (GSA) Future Commercial SATCOM Acquisition program. DISA
and GSA are managing this procurement through the $2.6 billion Custom
SATCOM Solutions (CS2) contract vehicle. Comtech is one of eight prime
contract awardees of CS2.
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.