Comtech Telecommunications Corp. Receives $9.5 Million of Movement Tracking System Orders
MELVILLE, N.Y., Jan 29, 2007 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received orders totaling $9.5 million on its Movement Tracking System, or MTS contract, with the U.S. Army. The total includes $8.9 million of MTS program orders and $0.6 million in follow-on orders for the Army National Guard's acquisition of MTS equipment and services. Total orders received to date against the $418.2 million MTS contract increased to $370.9 million.
The orders are for the supply of Comtech's MT-2012 mobile satellite transceivers, ruggedized and control station computers, installation kits and technical support services. Comtech's Model MT-2012 mobile satellite transceivers feature embedded Radio Frequency Identification (RFID) technology, including Savi Technology's ISO-compliant EchoPoint RFID Reader, as well as secure Global Positioning System (GPS) capabilities.
The Army National Guard orders are being funded pursuant to the Supplemental Army National Guard and Army Reserve Equipment Plan. Total orders received to date against the supplemental funding bill increased to $55.9 million.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are pleased to have received orders for the continuing support of the U.S. Army MTS Program, as well as the Army National Guard. Our field-proven technology is used extensively by the Army National Guard's First Responders and by the U.S. Army in areas of conflict, such as Iraq and Afghanistan. We are proud of the critical role our technology continues to play in these important programs."
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