MELVILLE, N.Y.--(BUSINESS WIRE)--July 5, 2017-- Comtech Telecommunications Corp. (Nasdaq: CMTL), announced today that during its fourth quarter of fiscal 2017, its Command & Control Technologies group, which is part of Comtech’s Government Solutions segment, has received a $14.5 million contract modification from the Defense Information Systems Agency (DISA). The modification will result in the exercise of the fourth-year option under an existing contract to provide Ku satellite bandwidth and support services for the U.S. Marine Corps' Tactical Satellite Communications Network.
“The decision by DISA to exercise the fourth-year option demonstrates that the Comtech team continues to provide a valued service to the United States Marine Corps,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “Comtech is committed to providing its customers with cost effective, reliable and secure communications solutions that enable them to successfully complete their missions.”
The fourth option year covers the period from August 1, 2017 through July 31, 2018. The customer has now funded $73.0 million to date on this contract. Comtech is providing the Marine Corps with commercial satellite services to various terminals to extend the Marine Corps Enterprise Network for deployed users.
This order was issued under the joint DISA/ The U.S. General Services Administration (GSA) Future Commercial SATCOM Acquisition program. DISA and GSA are managing this procurement through the $2.6 billion Custom SATCOM Solutions (CS2) contract vehicle. Comtech is one of eight prime contract awardees of CS2.
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.
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