MELVILLE, N.Y.--(BUSINESS WIRE)--September 29, 2016--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.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.
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.