Comtech Telecommunications Awarded a Contract for Approximately $4.0 Million for High-Power Amplifiers
MELVILLE, N.Y., Apr 15, 2003 (BUSINESS WIRE) --
Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its New York subsidiary, Comtech PST Corp., has been awarded a contract for approximately $4.0 million from Raytheon for the design, development and production of the Integrated Radio Frequency Assembly (IRA) used on the Enhanced Position Location Reporting System (EPLRS) radio program.
Production options, expected to be exercised within sixty (60) days, could bring the total contract value to over $6.7 million.
EPLRS provides a robust, on-the-move, high-speed, automated data exchange using a contention-free networking architecture. This guarantees speed of service to time critical users. The far-reaching capabilities of EPLRS apply to a wide variety of defense mission areas. Effective air defense demands the timely distribution of command and control, situational awareness information and exchange of air and ground track data. EPLRS is the reliable communication system selected by the Department of Defense to meet those demands. EPLRS also fulfills the requirements for collecting data from widely dispersed systems in the forward battle areas, and sending the information back to the combat force. The EPLRS network is a reliable system that automatically reconfigures itself to overcome the line of-sight microwave limitations of UHF communications as well as jamming threats.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications, said, "This is a significant order for Comtech PST since it allows us to move from strictly an RF amplifier product to a more integrated RF assembly manufacturer. This assembly includes the RF Amplifier as well as the Radio Frequency Assembly integrated into a single module."
Comtech PST Corp. (www.comtechpst.com) is a leading independent supplier of broadband high-power, high-performance RF microwave amplifiers for use in a broad spectrum of applications including high-power instrumentation, defense, medical and satellite communications systems.
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 300 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., Melville
Fred Kornberg or Robert G. Rouse, 631/777-8900
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