Comtech Telecommunications Corp. Awarded $6.2 Million of Additional Funding to Support the U.S. Army’s Blue Force Tracking ...
03 May 2021 - 11:00PM
Business Wire
May 3, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a
world leader in secure wireless communications technologies,
announced today, that during its third quarter of fiscal 2021, its
Government Solutions segment, through its Maryland-based
subsidiary, Comtech Mobile Datacom Corporation, was awarded $6.2
million of additional funding for Option Period Four of contract
GS03Q17DSC0002. The overall funded value to date, inclusive of the
Base and Option Period 1 through Option Period 4, is $35.5
million.
This contract modification is part of the 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 Period Four’s performance period
began on April 15, 2021 and ends on April 14, 2022.
“We are pleased our U.S. Army continues to recognize the value
of Comtech’s services,” said Fred Kornberg, Chairman of the Board
and Chief Executive Officer of Comtech Telecommunications Corp.
“Our team remains committed to providing the U.S. Army and its
soldiers with critical BFT-1 sustainment support.”
Comtech Telecommunications Corp. is a leader in the global
communications market headquartered in Melville, New York. With a
passion for customer success, Comtech designs, produces and markets
advanced secure wireless solutions to more than 1,000 customers in
more than 100 countries. For more information, please visit
www.comtechtel.com.
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.
PCMTL
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version on businesswire.com: https://www.businesswire.com/news/home/20210503005136/en/
Media Contact: Michael D. Porcelain, President and Chief
Operating Officer Comtech Telecommunications Corp. 631-962-7000
info@comtechtel.com
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