MELVILLE, N.Y. –
February 20, 2019– Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today, that during the second quarter of fiscal 2019, 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 $1.1 million of
incremental funding for Option Period One of the U.S. Army’s Blue Force
Tracking-1 (“BFT-1”) sustainment contract. This award brings funding for
Option Period One to $7.3 million and cumulative total funding for the
contract to $14.1 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”) BFT-1 program. BFT-1 is a battle command, real-time
situational awareness and control system. 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’s
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.
“This additional funding demonstrates the continued commitment that the
Comtech team provides to the U.S. Army and emphasizes the importance of
the BFT-1 sustainment effort for our U.S. military,” said Fred Kornberg,
President and Chief Executive Officer of Comtech Telecommunications
Corp. “Comtech remains committed to providing the U.S. Army and its
soldiers with the highest level of support to enable them to complete
their missions.”
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20190220005290/en/
Media:
Michael D. Porcelain, Senior Vice President and Chief
Operating Officer
631-962-7000
[email protected]
