MELVILLE, N.Y. –
July 17, 2018– Comtech Telecommunications Corp. (Nasdaq:CMTL) announced
today that during its fourth quarter of fiscal 2018, its Command &
Control Technologies group, through its Maryland-based subsidiary,
Comtech Mobile Datacom Corporation, which is part of Comtech’s
Government Solutions segment, was awarded option period one of a
contract to support the BFT-1 program. The option has an overall
potential value of approximately $8.0 million. Including this order,
to-date funding in the overall amount of $5.9 million has been received.
The overall funded value of the contract inclusive of the Base and
Option Year 1 is approximately $13.5 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 (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 (FFP) contract with Time &
Materials (T&M) and Cost Reimbursement elements. Option period one
performance period began April 15, 2018 and ends April 14, 2019, and the
contract provides for three additional twelve-month option periods,
exercisable by GSA.
“We are pleased that our Army customer continues to recognize the value
of Comtech’s services,” said Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp. “Comtech remains
committed to providing the Army and its soldiers with the highest level
of support to enable them to complete their missions.”
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. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company sells products to a diverse customer base in the
global commercial and government communications markets.
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
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Media:
Michael D. Porcelain, Senior Vice President and Chief
Financial Officer
631-962-7000
[email protected]
