Comtech Receives $26.8M Contract for Satellite Communications and Network Services(MELVILLE, N.Y.) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a letter contract with a not-to-exceed ceiling value of $26.8 million for satellite communications and network management services. Initial funding was set at $20.1 million, or 75% of the ceiling based on Comtech's submission of a qualified proposal. The contract is expected to be definitized and funded to its final negotiated ceiling within the next few months.
Under the contract with the U.S. Army Communications Electronics Command (CECOM), Comtech will continue to supply satellite capacity, communications and network management services, and related support for the Force XXI Battle Command Brigade and Below - Blue Force Tracking (FBCB2-BFT) program. FBCB2-BFT is a battle command real-time situational awareness command and control system. Work on this contract is expected to be complete by December 31, 2007.
The Global Commercial Aircraft Market 2013-2023
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased to receive this contract award for continued support of such an important program. We believe this action demonstrates the critical role our network technology continues to play within the Department of Defense's logistics and war fighter communities."
Source : Comtech Telecommunications Corp.