Comtech Telecommunications Corp. Awarded $37.9 Million Contract From U.S. Navy
March 25, 2010 at 10:01 AM EDT
MELVILLE, N.Y., Mar 25, 2010 (GlobeNewswire via COMTEX News Network) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Virginia-based subsidiary, Comtech AeroAstro, Inc., has been awarded a $37.9M contract from the United States Navy's Naval Research Laboratory (NRL) to develop and deliver the spacecraft bus for the Joint Milli-Arcsecond Pathfinder Survey (JMAPS) mission by March 2012. This contract is based on a Phase III SBIR award. The NRL contract also has $4.2M in options for post-delivery technical support that could be exercised.
The JMAPS mission is primarily intended to update the star position catalog for critical national security and civil applications. The JMAPS space vehicle uses Comtech AeroAstro's Astro 200AS bus to host the JMAPS instrument over a 3-year mission life. Evolved from spacecraft developed for the Department of Defense's
Space Test Program, STPSat-1 and STPSat-2, the Astro 200AS provides
unparalleled stability and pointing accuracy for a vehicle in its size class.
Commenting on the award, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. stated, "We are excited to participate on the JMAPS mission and this award represents further evidence that our ongoing investments in our microsatellite product line are resulting in leading edge products and solutions. We continue to solidify our position as a primary provider of innovative mission solutions."
Paul Lithgow, President of Comtech AeroAstro added, "The capability offered by this spacecraft enables a range of new high-value mission and sensor options on an affordable platform that can be rapidly developed and deployed."
Comtech AeroAstro, Inc. is a leader in satellite systems, components, and advanced communications technologies. To learn more about Comtech
AeroAstro, please visit the company's website at www.AeroAstro.com.
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, mobile data communications and RF microwave amplifiers. 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.
CONTACT: Comtech Telecommunications Corp.
Michael D. Porcelain, Senior Vice President
and Chief Financial Officer
Jerome Kapelus, Senior Vice President, Strategy
and Business Development
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