Chief Executive Officer
Comtech Telecommunications Corp. Receives Additional Funding to Support the Fielding of U.S. Army AN/TRC-170 Troposcatter Terminals
MELVILLE, NY, Nov 08, 2007 (MARKET WIRE via COMTEX News Network) — Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Orlando, Florida-based subsidiary, Comtech Systems, Inc., has received a $1.7 million increase in funding to its previously announced $4.3 million AN/TRC-170 engineering and support contract. In August 2007, the U.S. Army increased funding of this contract by $0.5 million, which coupled with the $1.7 million announced today brings the total funding for the engineering and support contract to $6.5 million.
Comtech Systems will provide services to support continued fielding of the U.S. Army’s AN/TRC-170 terminals. These services will include the inspection and repair of the terminals, and installation of the recently purchased AN/TRC-170 modem upgrade kits. Comtech will also provide formal classroom and practical hands-on training for personnel operating the upgraded AN/TRC-170 terminals. Comtech engineers will support Army field tests and network exercises. In addition, Comtech will modify two AN/TRC-170s to be used as training aides in the U.S. Army school at Fort Gordon, Georgia. The Army has also increased Comtech’s scope of support to include engineering services on Department of Defense troposcatter systems other than AN/TRC-170.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “We are extremely pleased by the additional funding, which further emphasizes Comtech’s expertise and knowledge in troposcatter systems and the U.S. Army’s satisfaction with our services and support provided under this contract. We look forward to continuing our efforts on this important program.”
Comtech Systems, Inc. (www.localhost/comtech) specializes in system design, integration, supply and commissioning of turnkey communication systems including over-the-horizon microwave, line-of-sight microwave and satellite.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.
SOURCE: Comtech Telecommunications Corp.