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Comtech Announces $18.0 Million Three Month Contract to Continue to Provide Blue Force Tracking Satellite Bandwidth
MELVILLE, N.Y., April 2, 2012 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a three month undefinitized contract which calls for the continued supply of satellite bandwidth, through June 30, 2012, for the U.S. Army's Blue Force Tracking ("BFT-1") and Movement Tracking System ("MTS") programs.
This satellite bandwidth contract is separate and distinct from Comtech's receipt of an undefinitized $80.7 million indefinite delivery/indefinite quantity BFT-1 sustainment contract announced earlier today. This three month undefinitized satellite bandwidth contract has been initially funded in the amount of $18.0 million and the pricing for the satellite bandwidth has not yet been finalized. This contract does not include any optional performance periods.
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, RF microwave amplifiers and mobile data communications. 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.
This news release was distributed by GlobeNewswire,
SOURCE: Comtech Telecommunications Corp.
CONTACT: Comtech Telecommunications Corp.
Michael D. Porcelain, Senior Vice President
and Chief Financial Officer
Jerome Kapelus, Senior Vice President,
Strategy and Business Development
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