Comtech Telecommunications Corp. Receives $9.5 Million of Additional Orders on Its Movement Tracking System Contract
MELVILLE, N.Y., Nov 18, 2003 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corp., has recently received $9.5 million of additional orders relating to its Movement Tracking System, or MTS, contract with the U.S. Army Logistics Command. These orders bring the total orders on the contract to-date to approximately $84.3 million.
The equipment order for approximately $7.0 million is for mobile satellite transceivers and related hardware, as well as installation kits. Approximately $2.5 million of the total orders were funded from the U.S. Army's fiscal 2003 budget for installation, training and support activities in Kuwait and Iraq.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "The $7.0 million equipment order on the MTS program is the first from the U.S. Army's fiscal 2004 budget. These orders are evidence of the Army's continuing interest in this program."
Comtech Mobile Datacom Corp., 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 conducts its business through three complementary segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications. 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.
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
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