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Comtech Telecommunications Corp. announced that its MD-based subsidiary, Comtech Mobile Datacom Corp., received an initial funded order totaling $4.6 M to support the U.S. Army's Movement Tracking System Program. This order was placed under Comtech's existing $384 M BFT-1 contract and represents the first order released by the Blue Force Tracking Program Office to support the MTS program which has now been consolidated under its direction. Comtech previously supported the MTS program pursuant to a separate $899.1 M contract, which expired July 12, 2011.
This order provides partial funding for the continued supply of satellite bandwidth, satellite network operations, engineering services, and program management support for the period of July 1, 2011 through December 31, 2011. Comtech anticipates that the value of this order will increase based on final negotiations with the U.S. Army. Total orders received to-date under the $384 M BFT-1 contract are $343.9 M.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are pleased to receive this initial order under our BFT-1 contract to provide uninterrupted deliveries of MTS services which continues our long standing support of the MTS program."
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