MELVILLE, N.Y.--(BUSINESS WIRE)--April 20, 2017 - Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that during its third quarter of fiscal 2017, its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is part of Comtech’s Government Solutions segment, has been awarded a five-year contract, with a not-to-exceed value of $42.7 million, to continue to provide sustainment support for the U.S. Army's Project Manager Mission Command (PM MC) - Blue Force Tracking ("BFT-1") program. BFT-1 is a battle command real-time situational awareness and control system.
Under the new five-year BFT-1 sustainment contract, Comtech will perform engineering services, satellite network operations and program management through a hybrid Firm Fixed Price (FFP)/Time & Materials (T&M) contract with Cost Reimbursement CLINs. The base performance period begins April 15, 2017 and ends April 14, 2018, and the contract provides for four twelve-month option periods exercisable by the U.S. Army. The total estimated value of the base year is $8.0 million. The U.S. Army has placed an initial funded order of $3.5 million under this contract and Comtech expects to receive an additional order shortly to fully fund the base year.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are pleased that Comtech has again been selected to work together with the U.S. Army to sustain this critical worldwide military communications system. The award of this contract further demonstrates the ongoing importance of the U.S. Army's BFT-1 satellite tracking communication system."
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services through the use of advanced communication and network technology. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechtel.com.
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.