Comtech Telecommunications Corp. Receives $33.4 Million of Movement Tracking System Orders
MELVILLE, N.Y., Oct 7, 2009 (GlobeNewswire via COMTEX News Network) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received orders totaling $33.4 million under its Movement Tracking System or MTS contract with the U.S. Army. Total orders received to date against the $605.1 million MTS contract increased to $582.2 million.
The orders are for the supply of a limited number of V2 systems, which feature Comtech's Model MT-2012 mobile satellite transceivers, integrated with a Savi Technology's ISO-compliant EchoPoint RFID Reader and encrypted GPS module, with the bulk of the order for the supply of newly designed in-vehicle installation kits. These in-vehicle installation kits will be used in connection with the upgrading of MTS ruggedized computers in previously deployed MTS V2 systems. Additionally, the order includes engineering and technical support services, in support of ongoing MTS program activities in the United States and abroad.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. said, "We value the leadership role we continue to play in upgrading and enhancing MTS Program equipment. We are pleased to have received these orders that further validate the strategic importance of the MTS Program to the U.S. Department of Defense."
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 through the use of advanced communication and network technology. 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, 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.