MELVILLE, N.Y. –
September 11, 2019– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its fourth 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 $1.3 million of incremental funding for Option Year 2 of contract GS03Q17DSC0002 with an overall potential value of approximately $8.5 million. To-date funding in the overall amount of $6.6 million has been applied to Option Year 2 via contract modifications. The overall funded value of the contract inclusive of the Base, Option Year 1 and Option Year 2 is approximately $20.6 million.
This contract modification is part of the five-year BFT-1 sustainment support contract for the U.S. Army’s Project Manager Mission Command (“PM MC”) 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 Year 2 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.
“Comtech continues to establish itself as a trusted provider to the U.S. Army by delivering sustainable secure communications systems to the warfighter,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “This additional funding further illustrates that Comtech’s contributions are an important factor in the success of their mission.”
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.
Il gruppo Command & Control Technologies è un fornitore leader di soluzioni C4ISR mission-critical e altamente mobili.
Comtech Telecommunications Corp. progetta, sviluppa, produce e commercializza prodotti, sistemi e servizi innovativi per soluzioni di comunicazione avanzate. L'azienda vende prodotti a una base di clienti diversificata nei mercati globali delle comunicazioni commerciali e governative.
Alcune informazioni contenute nel presente comunicato stampa contengono dichiarazioni di natura previsionale che comportano rischi e incertezze significativi. I risultati effettivi potrebbero differire materialmente da tali informazioni previsionali. I documenti della Commissione per i Titoli e gli Scambi della Società identificano molti di questi rischi e incertezze. Tutte le informazioni previsionali contenute nel presente comunicato stampa sono qualificate nella loro interezza dai rischi e dalle incertezze descritte in tali documenti della Commissione per i Titoli e gli Scambi.
PCMTL
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Michael D. Porcellana, Vicepresidente senior e Direttore operativo
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