Comtech Telecommunications Corp. Receives $37.3 Million of Movement Tracking System Orders against Recently Awarded $605.1 Million MTS Contract
MELVILLE, N.Y., Sep 19, 2007 (BUSINESS WIRE) --
Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, has received orders totaling $37.3 million under its recently awarded Movement Tracking System, or MTS contract, with the U.S. Army. These orders are the first received against the new $605.1 million MTS contract.
The orders are for the supply of MTS systems which feature Comtech's next generation Model MT-2012 mobile satellite transceivers integrated with both ruggedized and control station computers, miscellaneous hardware, installation kits, satellite network bandwidth, satellite network operations, program management, and technical support services. Comtech's Model MT-2012 Transceiver features Savi Technology's ISO-compliant EchoPoint RFID Reader, as well as secure Global Positioning System (GPS) capabilities. The orders are 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 are pleased to have received these initial orders against the new MTS contract for the continued deployment of our technology. We look forward to our continuing participation in the MTS Program and to supporting the future communication requirements of other critical programs for the 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 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.
Savi Technology is a leading provider of supply chain management and security solutions leveraging software and Automatic Identification and Data Collection (AIDC) technologies, including Radio Frequency Identification (RFID). Savi Technology is a wholly owned subsidiary of Lockheed Martin Corporation (NYSE: LMT).
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