Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army’s Blue Force Tracking System

MELVILLE, N.Y. –
December 7, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded $2.1 million of additional funding for Option Year 3 of contract GS03Q17DSC0002, of which $1.0 million was awarded in the first quarter of fiscal 2021. The overall funded value of the contract, inclusive of the Base period and Option Years 1 through 3, is approximately $29.3 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 Year 3’s performance period began April 15, 2020 and ends April 14, 2021, and the contract provides for one additional twelve-month option period, exercisable by GSA.

“The additional funding further illustrates the importance of Comtech’s expertise and dedication to the BFT-1 sustainment provided to the U.S. Army,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

关键任务技术组专注于确保其客户能够成功地执行他们的任务,无论是在陆地或海上的恶劣环境中进行通信,发射或跟踪卫星,还是保护其网络的网络安全状态。

Comtech电信公司设计、开发、生产和销售用于先进通信解决方案的创新产品、系统和服务。公司向全球商业和政府通信市场的不同客户群销售产品。

本新闻稿中的某些信息包含具有前瞻性的陈述,涉及某些重大风险和不确定性。实际结果可能与这些前瞻性信息有重大差异。公司提交的证券交易委员会文件指出了许多此类风险和不确定因素。本新闻稿中的任何前瞻性信息都受到该证券交易委员会文件中描述的风险和不确定性的限制。

PCMTL

媒体联系方式:

Michael D. Porcelain, 总裁兼首席运营官

631-962-7000

[email protected]

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