Comtech Telecommunications Corp. Awarded Contracts Totaling Approximately $12 Million For High Power Amplifiers
MELVILLE, N.Y., Jan 27, 2004 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its New York-based subsidiary, Comtech PST Corp., has received two contracts valued at approximately $12 million from SRI International for the design, development and production of radar pulsed high power amplifiers.
The majority of these high power (500 watt) amplifiers will be used on the Advanced Modular Incoherent Scatter Radar (AMISR) being developed by SRI under a multi-year grant from the National Science Foundation. The subcontract from SRI includes initial funding of approximately $4.0 million with options aggregating $7.7 million to be funded in Fiscal 2004 and 2005. Deliveries will begin in February 2004 and continue through early 2006, assuming full funding.
The AMISR system is a large, phased-array radar used for studying the Earth's upper, ionized atmosphere. Scientists and students from around the world will use the radar to conduct studies of the rapidly changing upper atmosphere and observe space weather events, which can damage and interrupt satellite and electronic communications and even knock out power grids.
Comtech PST Corp. secured this highly competitive program based on its innovative design coupled with the automated manufacturing strength of its sister company, Comtech EF Data Corp., located in Tempe, AZ.
Last month, Comtech PST Corp. received an order for approximately $300,000 from SRI International for identical amplifiers for the High Frequency Active Aurora Research Station at Gakona, Alaska. These amplifiers will be used in initial customer testing of the Modular UHF Ionospheric Radar.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said "The award of this contract further demonstrates the value of the synergies between our business segments, as well as the confidence our customers place in our ability to design and manufacture amplifiers for high volume applications."
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. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company conducts its business through three complementary segments: telecommunications transmission, mobile data communications, and RF microwave amplifiers. The Company offers niche products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.
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.
SOURCE: Comtech Telecommunications Corp.
Comtech Telecommunications Corp.
Fred Kornberg / Robert G. Rouse
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