Comtech Telecommunications Corp. Receives Movement Tracking System Contract Performance Period Extension
MELVILLE, N.Y., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a contract modification to its Movement Tracking System (MTS) program contract with the U.S. Army extending the performance period under the contract by six months to July 14, 2011, with deliveries and performance now authorized to continue into July 2012. This is the second six-month performance period option that was exercised.
The government's action ensures that Comtech will be able to continue to provide uninterrupted satellite airtime capacity as well as communications equipment, engineering support, worldwide installation, network management services, training and technical support services to the U.S. Army, through the possible MTS III competition period and any related transition period.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased that we will now be in a position to continue to provide the U.S. Army with uninterrupted delivery of MTS hardware and services at least through the end of our fiscal 2012. We believe this contract extension demonstrates the Army's continued confidence in Comtech's ability to support the U.S. Army's immediate and future operational needs."
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, inefficient or too expensive. 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.
CONTACT: Comtech Telecommunications Corp.
Michael D. Porcelain, Senior Vice President and
Chief Financial Officer