Comtech Telecommunications Corp. Receives $7.8 Million in Initial
Funding against a $10.4 Million Blue Force Tracking Contract for
Its Mobile Satellite Data Communications Transceivers
MELVILLE, N.Y., Jul 09, 2007 (BUSINESS WIRE) -- Comtech Telecommunications
Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary,
Comtech Mobile Datacom Corporation, received a letter contract
with a not-to-exceed ceiling value of $10.4 million for the latest
version of its model MT-2011 mobile satellite data communications
transceivers. Initial funding was set at $7.8 million, or 75%
of the ceiling, based on Comtech's submission of a qualified proposal.
The contract is expected to be definitized and funded to its final
negotiated ceiling prior to July 31, 2007.
Under the contract with the U.S. Army Communications Electronics
Command (CECOM), Comtech will supply its Model MT-2011F Mobile
Satellite Data Transceivers to the Force XXI Battle Command Brigade
and Below - Blue Force Tracking (FBCB2-BFT) program, a battle
command real-time situational awareness and control system. As
previously announced, Comtech is also working with this customer
in finalizing a five-year IDIQ contract.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are extremely pleased
to receive this contract award for the continued deployment of
our latest flagship version satellite transceivers in the Blue
Force Tracking System, and believe this action further demonstrates
the importance that our technology plays in supporting this critical
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.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Jerome Kapelus, Senior Vice President, Strategy and Business Development