|
<< Back
to Press Releases
Comtech Telecommunications Corp. Receives $140.5
Million Blue Force Tracking Contract Ceiling Increase
MELVILLE, N.Y., May 13, 2010 (GlobeNewswire
via COMTEX News Network) -- Comtech Telecommunications
Corp. (Nasdaq:CMTL) announced today that its Maryland-based
subsidiary, Comtech Mobile Datacom Corporation, received
a $140.5 million ceiling increase to its existing Blue
Force Tracking ("BFT") program contract with
the U.S. Army. The total contract ceiling is now $384.0
million for which Comtech has received orders to date
totaling $234.4 million. Comtech's existing BFT contract
expires in December, 2011.
The ceiling increase enables
Comtech to continue to provide BFT-1 mobile satellite
transceivers, satellite bandwidth, satellite network
operations, engineering services and program management
support to the FBCB2-BFT program, a battle command
real-time situational awareness command and control
system.
Fred Kornberg, President and Chief Executive
Officer of Comtech Telecommunications Corp., said, "We
are extremely pleased to receive another BFT contract
ceiling increase and believe that this action is a
clear signal of the critical need for our BFT solutions."
Mr. Kornberg added, "We
continue to respond to the U.S. Army's competitive
BFT-2 proposal process and believe that our BFT-2 solution
provides the U.S. Army a unique ability to seamlessly
transition from our current BFT-1 solution to our BFT-2
solution by offering a staged upgrade cycle that eliminates
the risk of network disruption while minimizing the
costs of operating two different networks during a
challenging budget environment."
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.
PCMTL
This news release was distributed by GlobeNewswire,
www.globenewswire.com
SOURCE: Comtech Telecommunications Corp.
CONTACT: Comtech Telecommunications Corp.
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
(C) Copyright 2010 GlobeNewswire, Inc. All rights
reserved.
News Provided by COMTEX
|
