MELVILLE, N.Y.--(BUSINESS WIRE)--September 11, 2019-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its fourth quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech’s Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded $1.3 million of incremental funding for Option Year 2 of contract GS03Q17DSC0002 with an overall potential value of approximately $8.5 million. To-date funding in the overall amount of $6.6 million has been applied to Option Year 2 via contract modifications. The overall funded value of the contract inclusive of the Base, Option Year 1 and Option Year 2 is approximately $20.6 million.
This contract modification is 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 contract with Time & Materials and Cost Reimbursement elements. Option Year 2 performance period began April 15, 2019 and ends April 14, 2020, and the contract provides for two additional twelve-month option periods, exercisable by GSA.
“Comtech continues to establish itself as a trusted provider to the U.S. Army by delivering sustainable secure communications systems to the warfighter,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “This additional funding further illustrates that Comtech’s contributions are an important factor in the success of their mission.”
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.