Comtech Telecommunications Corp. Receives $7.8 Million in Initial Funding against a $10.4 Million Blue Force Tracking Contract for Its Mobile Satellite Data Communications Transceivers
July 9, 2007 at 12:00 AM EDT
MELVILLE, N.Y., Jul 09, 2007 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a letter contract with a not-to-exceed ceiling value of $10.4 million for the latest version of its model MT-2011 mobile satellite data communications transceivers. Initial funding was set at $7.8 million, or 75% of the ceiling, based on Comtech's submission of a qualified proposal. The contract is expected to be definitized and funded to its final negotiated ceiling prior to July 31, 2007.
Under the contract with the U.S. Army Communications Electronics Command (CECOM), Comtech will supply its Model MT-2011F Mobile Satellite Data Transceivers to the Force XXI Battle Command Brigade and Below - Blue Force Tracking (FBCB2-BFT) program, a battle command real-time situational awareness and control system. As previously announced, Comtech is also working with this customer in finalizing a five-year IDIQ contract.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased to receive this contract award for the continued deployment of our latest flagship version satellite transceivers in the Blue Force Tracking System, and believe this action further demonstrates the importance that our technology plays in supporting this critical program."
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.
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.
Robert G. Rouse,
Executive Vice President and Chief Operating Officer