|
|
 |
|
Comtech Telecommunications Corp. Awarded New $605.1 Million
Movement Tracking System Contract
MELVILLE, N.Y., Sep 04, 2007 (BUSINESS WIRE) --
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today
that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation,
has been awarded a new $605.1 million indefinite delivery/indefinite
quantity (IDIQ) contract with the U.S. Army for its Movement Tracking
System (MTS) . The new contract follows the original $418.2 million
MTS contract awarded to Comtech in 1999, which was extended through
August 31, 2007 and increased by $45.0 million to $463.2 million
earlier this year.
The new contract's period of performance is from September 1,
2007 to July 12, 2010, subject to annual government funding. Under
the new fixed price, IDIQ contract, Comtech will provide MTS system
hardware, spares, satellite bandwidth, as well as technical and
professional services. MTS hardware includes Comtech's MT-2012
satellite transceivers, ruggedized and control station computers,
and installation kits. Technical and professional services include
program management, engineering services, field service support,
satellite network bandwidth services and related infrastructure,
and year round, 24/7 Network Operations Center (NOC) services
and customer support. Comtech's Model MT-2012 mobile satellite
transceivers feature secure Global Positioning System (GPS) capabilities
as well as embedded Radio Frequency Identification (RFID) technology,
including Savi Technology's ISO-compliant EchoPoint RFID Reader,
which Savi also has deployed in the U.S. Department of Defense's
In-Transit Visibility (ITV) network.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are delighted that Comtech
and the Government worked effectively together to make this new
contract a reality. We are extremely pleased to again be selected
as the prime contractor for the MTS Program and look forward to
continuing our relationship with this important customer."
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.
Savi Technology is a leading provider of supply chain management
and security solutions leveraging software and Automatic Identification
and Data Collection (AIDC) technologies, including Radio Frequency
Identification (RFID). Savi Technology is a wholly owned subsidiary
of Lockheed Martin Corporation (NYSE: LMT).
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.
PCMTL
SOURCE: Comtech Telecommunications Corp.
Media:
Comtech Telecommunications Corp.
Robert G. Rouse, Executive Vice President
and Chief Operating Officer
or
Jerome Kapelus, Senior Vice President,
Strategy and Business Development
631-962-7000
Info@comtechtel.com
Copyright Business Wire 2007
|
|
