Comtech Telecommunications Corp. Receives Additional Contract Funding of $9.5 Million for High Power Amplifiers
May 11, 2005 at 8:00 AM EDT
MELVILLE, N.Y., May 11, 2005 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its New York-based subsidiary, Comtech PST Corp., has received additional funding of $2.2 million under a previously announced $13.5 million contract it received in February from a domestic OEM to supply high power radar signal jamming applications.
In addition, Comtech PST has received another contract with initial funding of $7.3 million from the same OEM to supply additional radio signal jamming amplifiers. This contract, if fully funded, has a total potential value of at least $12.2 million. The contract is expected to be definitized within 60 days.
These amplifiers are key components in jamming systems used to counter the threat of improvised explosive devices. Delivery of the amplifiers under this new contract are expected to begin in early fiscal 2006.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "Our continuing participation in this critical program allows Comtech to showcase its technical and high volume production capabilities, as well as provide an important technology in protecting troops from the threat of improvised explosive devices."
Comtech PST Corp. (www.comtechpst.com) is a leading independent supplier of broadband high power, high performance RF microwave amplifiers for use in a broad spectrum of applications including high power instrumentation, defense, medical, and satellite communications systems.
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.
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