Comtech Named Awardee on $2.5 Billion Complex Commercial SATCOM Solutions (CS3) IDIQ Contract
May 15, 2017 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
May 15, 2017-- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced
today that its Maryland-based subsidiary, TeleCommunication Systems,
Inc. (TCS), through its Command & Control Technologies group, which is
part of Comtech's Government Solutions segment, has been named as an
awardee under the General Service Administration (GSA) Complex
Commercial SATCOM Solutions (CS3) IDIQ Contract. This is a ten (10) year
contract which enables U.S. federal agencies to purchase end-to-end,
turnkey solutions which incorporate commercial satellite communication
services through the General Services Administration (GSA). The
multiple-awardee, Indefinite Delivery - Indefinite Quantity (IDIQ)
contract has an estimated value of $2.5 billion over its 10-year term.
The CS3 contract is the successor to the Custom SATCOM Solutions (CS2),
under which TCS was also an awardee.
"I'm very proud that our team was once again awarded this significant
contract vehicle that provides our DoD and federal civilian agency
customers the opportunity to purchase our SATCOM solutions and
products," said Fred Kornberg, President and Chief Executive Officer of
Comtech Telecommunications Corp.
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.