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Comtech Telecommunications Corp. Named Awardee on $5.1 Billion Multiple Award IDIQ GTACS II Contract Vehicle

MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 3, 2020-- February 3, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal year 2020, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was named as one of the awardees to compete under the Global Tactical Advanced Communication Systems (“GTACS II”) and Services contract vehicle. The multiple award, Indefinite Delivery/Indefinite Quantity (“IDIQ”) GTACS II contract vehicle enables multiple companies to compete for up to $5.1 billion, with a five year base period with one five year option period. This GTACS II contract is in support of the Program Executive Office Command, Control and Communications-Tactical (“PEO C3T”), and Project Manager Tactical Network (“PM Tactical Network”). GTACS II provides the rapid acquisition of a wide range of C3T hardware, software, engineering services and logistics support services with an emphasis on tactical satellite communications (“SATCOM”).

“I’m very proud that our team was awarded this significant contract vehicle that enables DoD agencies to purchase Comtech’s turnkey family of deployable satellite systems and associated support services for the U.S. warfighter,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

The Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network.

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.


Source: Comtech Telecommunications Corp.

Michael D. Porcelain, President and Chief Operating Officer