MELVILLE, N.Y.--(BUSINESS WIRE)--July 17, 2018-- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that during its fourth quarter of fiscal 2018, its Command & Control Technologies group, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is part of Comtech’s Government Solutions segment, was awarded option period one of a contract to support the BFT-1 program. The option has an overall potential value of approximately $8.0 million. Including this order, to-date funding in the overall amount of $5.9 million has been received. The overall funded value of the contract inclusive of the Base and Option Year 1 is approximately $13.5 million.
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. Option period one performance period began April 15, 2018 and ends April 14, 2019, and the contract provides for three additional twelve-month option periods, exercisable by GSA.
“We are pleased that our Army customer continues to recognize the value of Comtech’s services,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “Comtech remains 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.
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.