Supply Managed Satellite Services Contract
Comtech Telecommunications Corp. (Nasdaq: CMTL), announced today that during its fourth quarter of fiscal 2016, the Defense Information Systems Agency (DISA) has exercised its third year option to Maryland-based subsidiary, TeleCommunication Systems, Inc. (TCS), which is part of Comtech's Government Solutions segment, to continue to provide Ku satellite bandwidth, terrestrial support and 24-hour support services for the U.S. Marine Corps' Tactical Satellite Communications Network. The third option year provides $14.4 million of funding and covers the period from August 1, 2016 through July 31, 2017. The customer has now funded $58.4 million to date on this contract.
This order was issued under the joint DISA/GSA Future Commercial SATCOM Acquisition program. The U.S. General Services Administration and DISA are managing this procurement through the $2.6 billion Custom SATCOM Solutions (CS2) contract vehicle; TCS is one of eight prime contract awardees of CS2. TCS is providing the Marine Corps with commercial satellite services to various terminals in order to extend the Marine Corps Enterprise Network for deployed users.
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Source : Comtech Telecommunications Corp. - view original press release