Comtech Telecommunications Corp. Awarded $59.0 Million Strategic Contract from U.S. Navy for Next Generation Satellite Earth Station Equipment
MELVILLE, N.Y.--(BUSINESS WIRE)--
April 16, 2018-- Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that during its third quarter of fiscal 2018, its Tempe,
Arizona-based subsidiary, Comtech EF Data Corp., which is part of
Comtech's Commercial Solutions segment, received a $59.0 million
indefinite delivery/indefinite quantity (IDIQ) contract from the U.S.
Naval Warfare Systems Command. The first delivery order for $7.9 million
was received and related production has commenced immediately. The
contract includes five one-year ordering periods.
The contract specified Comtech EF Data's SLM-5650B Satellite Modem,
SLM-5650B upgrade kits, firmware upgrades and technical support
services. The SLM-5650B Satellite Modem is Comtech's latest generation
modem product targeted for critical government and military
applications. The SLM-5650B leverages the heritage and feature set of
the SLM-5650A modem. The SLM-5650B supports backwards
compatibility/inter-operability for existing SLM-5650A networks while
providing enhanced performance and an expanded feature set. The
commercially available modems will support satellite communications and
interoperability across the Navy's platforms and shore sites.
"This new and strategic contract is a testament to the U.S. Navy's
confidence in Comtech to supply best-in-class satellite communications
infrastructure solutions to support mission-critical military
communications. We are delighted that we have expanded our relationship
with the U.S. Navy and look forward to meeting other operational needs
in the future," commented Fred Kornberg, President and Chief Executive
Officer of Comtech Telecommunications Corp.
Comtech EF Data Corp. is the recognized global leader in satellite
bandwidth efficiency and link optimization. The advanced communication
solutions encompass the Heights Networking Platform, Advanced VSAT
Solutions, Satellite Modems, RAN & WAN Optimization, Network & Bandwidth
Management and RF products. The Company is recognized as a technology
innovator, and has a reputation for exceptional product quality and
reliability. The solutions enable commercial and government users to
reduce OPEX/CAPEX and to increase throughput for fixed and
mobile/transportable satellite-based applications. For more information,
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.