Comtech Telecommunications Corp. Receives $1.5 Million in Initial Funding against a $2.7 Million Order for Satellite Network and Ground Station Improvement Services
MELVILLE, N.Y., Sep 27, 2007 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a new order under its contract with the U.S. Army Communications Electronics Command (CECOM) valued at $2.7 million for services related to expanding its satellite network and deploying improved ground station equipment. Initial funding for this order was set at $1.5 million, with additional funding expected to be provided in the near future.
In support of the Force XXI Battle Command Brigade and Below - Blue Force Tracking (FBCB2-BFT) program, a real-time situational awareness and control system, Comtech will test and deploy improved beam processing HUB equipment to selected portions of its satellite network. Additionally, CMDC will provide equipment and services to enable use of the INMARSAT 4 satellite constellation.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased to receive this latest award for support of the FBCB2-BFT program. This order highlights the close working relationship between our engineering and network teams and the program office, and we believe this action further demonstrates the critical role our improved network technology plays within the Department of Defense's logistics and war fighter communities."
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.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 or ineffective. 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.
SOURCE: Comtech Telecommunications Corp.
Comtech Telecommunications Corp.
Robert G. Rouse, Executive Vice President
and Chief Operating Officer