MELVILLE, N.Y.--(BUSINESS WIRE)--October 7, 2014--Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., completed its formal Design Verification Tests and received its first $4.3 million production order and additional funding of $1.2 million for engineering services for Advanced Time Division Multiple Access (TDMA) Interface Processor (ATIP) terminals from the Space and Naval Warfare Systems Command (SPAWAR). The potential contract value, which is currently $29.8 million, is now funded in the aggregate amount of $16.1 million. The ATIP terminals will replace the Navy's legacy TDMA Interface Processor. The ATIP is a Layer-2 Ethernet bridging device that will be installed on ship, shore and submarine platforms in the Navy Multiband Terminal (NMT).
Under the terms of the previously announced multi-million dollar contract, Comtech EF Data was contracted to develop and provide engineering services including software design and development, test and evaluation support and on a cost-plus basis. This order is the first of multiple orders expected for the actual production of the terminals.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. commented, "This is an exciting time in the ATIP program for Comtech. These next generation ATIP devices will help expand the functionality and capabilities of the U.S. Government’s Protected MILSATCOM network.”
Comtech EF Data Corp. is the recognized global leader in satellite bandwidth efficiency and link optimization. The advanced communication solutions encompass the Advanced VSAT Solutions, Modems, RAN & WAN Optimization, Network & Bandwidth Management and RF products. The Company is recognized as a technology innovator, and has a reputation for exceptional product quality and reliability. The solutions enable commercial and government users to reduce OPEX/CAPEX and to increase throughput for fixed and mobile/transportable satellite-based applications. For more information, visit www.comtechefdata.com.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.
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.