MELVILLE, N.Y. –
May 15, 2019— Comtech Telecommunications Corp. (NASDAQ:CMTL)
announced today that during its third quarter of fiscal 2019, its
Command & Control Technologies group, which is part of Comtech’s
Government Solutions segment, through its Maryland-based subsidiary,
Comtech Mobile Datacom Corporation, was awarded option period two of
contract GS03Q17DSC0002 with an overall potential value of approximately
$8.5 million. To date funding in the overall amount of $5.2 million has
been applied to option period two via contract modifications. The
overall funded value of the contract inclusive of the Base, Option Year
1 and Option Year 2 is approximately $19.2 million.
These contract modifications are part of the five-year BFT-1 sustainment
support contract for the U.S. Army’s Project Manager Mission Command
Blue Force Tracking (“BFT-1”) program. Comtech continues to perform
engineering services, satellite network operations and program
management through a Firm Fixed Price contract with Time & Materials and
Cost Reimbursement elements. Option period two performance period began
April 15, 2019 and ends April 14, 2020, and the contract provides for
two additional twelve-month option periods, exercisable by GSA.
“This funding further illustrates the important services Comtech
continues to provide to the U.S. Army and the warfighter,” said Fred
Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. “We are pleased to see the continuing
investments made by the U.S. Army for our BFT-1 systems.”
BFT-1 is a battle command, real-time situational awareness and control
system. Under the five-year BFT-1 sustainment contract, Comtech performs
engineering services, satellite network operations and program
management. The Command & Control Technologies group is a leading
provider of mission-critical, highly-mobile C4ISR solutions.
Comtech Telecommunications Corp. diseña, desarrolla, produce y comercializa
productos, sistemas y servicios innovadores para soluciones
avanzadas. La empresa vende productos a una variada base de clientes en los
mercados mundiales de comunicaciones comerciales y gubernamentales.
Determinada información contenida en este comunicado de prensa contiene
naturaleza prospectiva e implican ciertos riesgos e incertidumbres significativos.
riesgos e incertidumbres. Los resultados reales podrían diferir
de dicha información prospectiva. Los documentos presentados por la
de Valores de la empresa identifican muchos de estos riesgos e incertidumbres. Cualquier información prospectiva de
Cualquier información prospectiva contenida en este comunicado de prensa está
riesgos e incertidumbres descritos en dichos documentos de la Securities and Exchange Commission.
Comisión de Bolsa y Valores.
PCMTL
View source version on businesswire.com: https://www.businesswire.com/news/home/20190515005183/en/
Medios de comunicación:
Michael D. Porcelana, Vicepresidente Senior y Director
de Operaciones
631-962-7000
[email protected]
