Comtech Telecommunications Corp. Receives a Five Year Basic Ordering Agreement for High-Power Solid-State Amplifiers and Services to Support the U.S. Navy
August 6, 2012 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
August 6, 2012--Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that its New York-based subsidiary, Comtech PST Corp.,
has received a five year Basic Ordering Agreement for solid-state,
high-power amplifiers and other services from the U.S. Navy. The
agreement which provides for issuance of individual delivery orders has
an estimated ceiling value of approximately $9.2 million.
These high-power amplifiers to be ordered under this agreement provide
for broad frequency coverage and are key components in systems utilized
by the U.S. Navy.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are very pleased with the award of
this Basic Ordering Agreement as it demonstrates our continued
leadership as a strategic supplier of solid-state, broadband, high-power
amplifiers to the U.S. Navy."
Comtech PST Corp. (www.comtechpst.com)
is a leading independent supplier of broadband, high-power, high
performance RF microwave amplifiers and switches for use in a broad
spectrum of applications including defense, medical, satellite
communications systems and instrumentation.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company believes many of its solutions play a vital role
in providing or enhancing communication capabilities when terrestrial
communications infrastructure is unavailable, inefficient or too
expensive. The Company conducts business through three complementary
segments: telecommunications transmission, RF microwave amplifiers and
mobile data communications. The Company sells products to a diverse
customer base in the global commercial and government communications
markets. The Company believes it is a market leader in the market
segments that it serves.
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.
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer (631) 962-7000 Info@comtechtel.com