Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Command & Control Technologies group, which is part of Comtech’s Government Solutions segment, was awarded contract modifications totaling $4.2 million. Of this amount, $3.0 million was received during its fourth quarter of fiscal 2017 and $1.2 million was received during its first quarter of fiscal 2018. This additional funding applies to the original award in April 2017, which today totals $7.7 million of the total potential value of the base year. These modifications fulfilled the Government’s obligation to fund the Firm Fixed Price (FFP) portion of the contract.
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. The base performance period began April 15, 2017 and ends April 14, 2018, and the contract provides for four twelve-month option periods exercisable by GSA.
“We are pleased that our Army customer recognizes the value of Comtech’s services,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “Comtech is committed to providing the Army and its soldiers with the highest level of support to enable them to complete their missions.”
BFT-1 is a battle command, real-time situational awareness and control system. Under the five-year BFT-1 sustainment contract, Comtech performs engineering services, satellite network operations and program management.
The Command & Control Technologies group is a leading provider of mission-critical, highly-mobile C4ISR solutions.
Source: Comtech Telecommunications Corp.
Date: Sep 25, 2017