Comtech Receives $18.3 Million in New Orders for U.S. Army's Movement Tracking System
January 28, 2003 at 6:08 PM EST
MELVILLE, N.Y., Jan 28, 2003 (BUSINESS WIRE) --
Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that since mid December, 2002 it has received $18.3 million in new orders for equipment and services relating to the Movement Tracking System (MTS) that it is supplying to the U.S. Army.
This brings the total MTS orders received to date to approximately $57 million.
The orders were awarded to the company's Maryland-based Comtech Mobile Datacom subsidiary pursuant to an eight-year $418 million contract with the Army's Logistics Command. This brings the number of MTS units ordered to date to over 5,600. The MTS program provides the Logistics Command with the technology necessary to track and communicate in real time with its mobile assets.
Colonel Stephen Broughall, the U.S. Army's Project Manager for Logistics Information Systems, said, "The MTS program has demonstrated its effectiveness as an enabler in the transformation of the Army's logistics operations though numerous exercises here in the Continental United States. Now it's show time, and we're confident that MTS will further demonstrate its merit as the Army deploys it to meet demanding global contingencies."
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "These recent orders are further evidence of the Army's commitment to the MTS program. These orders combined with opportunities within the Army's battle commands will result in a banner year for our Mobile Data Communications Services segment."
Comtech Mobile Datacom Corp., a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and services for the land transportation, remote sensing, utility and aviation markets. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com.
Comtech Telecommunications Corp. is an innovative player in domestic and global high-technology markets. Through its operating units, Comtech pursues opportunities in three interrelated market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications services. In each of these segments, growth has been driven by increasing demand for telecommunications infrastructure and network and messaging services. The Company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over-the-horizon microwave, terrestrial line-of-sight and other wireless communications systems. More than 275 distinct Comtech products are in service in more than 100 countries.
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.
Comtech Telecommunications Corp.
Fred Kornberg or Robert G. Rouse
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