Comtech Receives $1.1 Million of Incremental Funding for U.S. Army Sustainment Support of the Blue Force Tracking Program
MELVILLE, N.Y.--(BUSINESS WIRE)--Feb 20, 2019--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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190220005290/en/
Michael D. Porcelain, Senior Vice President and Chief Operating Officer
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS MOBILE/WIRELESS DEFENSE CONTRACTS
SOURCE: Comtech Telecommunications Corp.
Copyright Business Wire 2019.
PUB: 02/20/2019 09:00 AM/DISC: 02/20/2019 09:01 AM