Comtech Telecommunications Corp. Receives $38.2 Million Order for the Army National Guard's Acquisition of Movement Tracking System Equipment
MELVILLE, N.Y., Jul 20, 2006 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, has received a $38.2 million order on its Movement Tracking System, or MTS contract, with the U.S. Army. The order is for the Army National Guard's acquisition of MTS equipment. Total orders received to date against the $418.2 million U.S. Army logistics contract, including this National Guard order, increased to $303.9 million.
This order is the second Army National Guard order issued pursuant to the recently enacted supplemental Army National Guard and Army Reserve Equipment Plan. To date, orders to Comtech from this supplement total $47.5 million.
The order is for the supply of Comtech's next generation Model MT-2012 mobile satellite transceivers, which feature embedded Radio Frequency Identification (RFID) and secure Global Positioning System (GPS) capabilities, along with both ruggedized and control station computers. Comtech's Model MT-2012 Transceiver features Savi Technology's ISO-compliant EchoPoint RFID Reader, which Savi also has deployed in the U.S. Department of Defense's In-Transit Visibility (ITV) network.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased to have received this follow on order from the Army National Guard. The supplemental funding bill will enable our field-proven technology, which has been used extensively by the U.S. Army and Army National Guard in areas of conflict, such as Iraq and Afghanistan, to be placed directly in the hands of the National Guard's first responders."
Mr. Kornberg added, "This critical communications capability will enable the Guard to better prepare for and react to disaster and recovery operations at the local, state and national levels. This new order is indicative of the vital roles our communication and network technologies play in providing communications capabilities when conventional telecommunications systems are unavailable or ineffective."
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 conducts its business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company offers niche products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.
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).
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.
Fred Kornberg or Robert G. Rouse, 631-777-8900