{"id":394377,"date":"2020-12-07T09:03:23","date_gmt":"2020-12-07T14:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394377"},"modified":"2020-12-07T09:03:23","modified_gmt":"2020-12-07T14:03:23","slug":"comtech-receives-2-1-million-of-additional-funding-to-support-the-u-s-armys-blue-force-tracking-system","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/comtech-receives-2-1-million-of-additional-funding-to-support-the-u-s-armys-blue-force-tracking-system\/","title":{"rendered":"Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army\u2019s Blue Force Tracking System"},"content":{"rendered":"

<\/p>\n

Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army\u2019s Blue Force Tracking System<\/b><\/p>\n

MELVILLE, N.Y.–(BUSINESS WIRE<\/a>)–
\nDecember 7, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech\u2019s Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded $2.1 million of additional funding for Option Year 3 of contract GS03Q17DSC0002, of which $1.0 million was awarded in the first quarter of fiscal 2021. The overall funded value of the contract, inclusive of the Base period and Option Years 1 through 3, is approximately $29.3 million.\n<\/p>\n

\nThese contract modifications are part of the five-year BFT-1 sustainment support contract for the U.S. Army\u2019s Project Manager Mission Command (\u201cPM MC\u201d) Blue Force Tracking (\u201cBFT-1\u201d) program. Comtech continues to perform engineering services, satellite network operations and program management through a Firm Fixed Price (\u201cFFP\u201d) contract with Time & Materials (\u201cT&M\u201d) and Cost Reimbursement elements. Option Year 3\u2019s performance period began April 15, 2020 and ends April 14, 2021, and the contract provides for one additional twelve-month option period, exercisable by GSA.\n<\/p>\n

\n\u201cThe additional funding further illustrates the importance of Comtech\u2019s expertise and dedication to the BFT-1 sustainment provided to the U.S. Army,\u201d said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.\n<\/p>\n

\nThe Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network.\n<\/p>\n

\nComtech 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.\n<\/p>\n

\nCertain 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.\n<\/p>\n

\nPCMTL\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201207005219\/en\/<\/a><\/span><\/p>\n

\nMedia Contact:
\n
Michael D. Porcelain, President and Chief Operating Officer
\n
631-962-7000
\n
info@comtechtel.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Semiconductor Security Aerospace Satellite Manufacturing Audio\/Video Transport Other Technology Telecommunications Software Networks Internet Hardware Electronic Design Automation Logistics\/Supply Chain Management VoIP Technology Other Communications Communications<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army\u2019s Blue Force Tracking System MELVILLE, N.Y.–(BUSINESS WIRE)– December 7, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech\u2019s Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded $2.1 million of additional funding for Option Year 3 of contract GS03Q17DSC0002, of which $1.0 million was awarded in the first quarter of fiscal 2021. The overall funded value of the contract, inclusive of the Base period and Option Years 1 through 3, is approximately $29.3 million. These contract modifications are part of the five-year BFT-1 sustainment support contract for the U.S. Army\u2019s Project Manager Mission Command (\u201cPM … <\/p>\n

Continue reading “Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army\u2019s Blue Force Tracking System”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394377","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nComtech Receives $2.1 Million of Additional Funding to Support the U.S. Army\u2019s Blue Force Tracking System - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/comtech-receives-2-1-million-of-additional-funding-to-support-the-u-s-armys-blue-force-tracking-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army\u2019s Blue Force Tracking System - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army\u2019s Blue Force Tracking System MELVILLE, N.Y.–(BUSINESS WIRE)– December 7, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech\u2019s Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded $2.1 million of additional funding for Option Year 3 of contract GS03Q17DSC0002, of which $1.0 million was awarded in the first quarter of fiscal 2021. The overall funded value of the contract, inclusive of the Base period and Option Years 1 through 3, is approximately $29.3 million. 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