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Comtech Telecommunications Corp. Receives 50-Day MTS Contract
Extension with a $45 Million Ceiling Increase. Comtech Expects
to Negotiate a New, 3-Year IDIQ Contract.
MELVILLE, N.Y., Jul 05, 2007 (BUSINESS WIRE) -- Comtech Telecommunications
Corp. (NASDAQ:CMTL) announced today that its subsidiary, Comtech
Mobile Datacom Corporation, received a contract modification to
its Movement Tracking System, or MTS contract, with the U.S. Army,
extending the period of performance through August 31, 2007 and
increasing the contract ceiling from $418.2 million to $463.2
million, a $45 million increase. Total orders received to date
against the MTS contract are $398.7 million.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are very pleased to continue
our support of this program and of the U.S. Army's logistics community.
Additionally, we expect our team to work closely with the MTS
program office and its acquisition specialists during this extension
period to negotiate and finalize a new 3-year indefinite delivery/indefinite
quantity (IDIQ) contract as announced by the U.S. Army's Contracting
Office in its Presolicitation Notice in May 2007."
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based
company, is engaged in the provision of satellite-enhanced 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.
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.
MEDIA CONTACTS:
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Jerome Kapelus, Senior Vice President, Strategy and Business Development
(631) 962-7000
Info@comtechtel.com
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