Comtech Telecommunications Corp. Receives $1.2 Million Task Order on IDIQ Contract for Plug-and-Play Microsatellites
MELVILLE, N.Y., Oct 6, 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 $1.2 million order, Task Order 3, from the Air Force Research Laboratory ("AFRL") for Plug-and-Play Network CDR level design, test, and integration. This is the third task order awarded to Comtech AeroAstro under the Advanced Plug-and-Play Technologies indefinite delivery/indefinite quantity ("IDIQ") contract, bringing the total awarded to $1.9 million. The contract has a maximum value of $200.0 million.
"Plug-and-play technologies are changing the paradigm for space mission development," said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. "This contract enables us to finalize the design, test, and integration of the onboard spacecraft network with a high fidelity spacecraft simulator, enabling realistic flight environment testing across all spacecraft systems and subsystems. This task order puts us in strong contention to develop the nation's first full plug-and-play satellite."
Mr. Kornberg added, "This award represents further evidence that our investment in our microsatellite product line is resulting in new contract awards and growth opportunities. We continue to solidify our position as a source for innovative mission solutions, as the U.S. government looks for lower-cost alternatives to achieving their goals in space."
This project is sponsored by AFRL's Space Vehicles Directorate, Kirtland Air Force Base, NM.
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.