Comtech Receives $1.3 Million of Funding for Option Year 2 of the U.S. Army Sustainment Support of the Blue Force Tracking Program
Comtech Telecommunications Corp. (CMTL)
Last comtech telecommunications corp. earnings: 3/4 04:02 pm
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Source: Business Wire
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
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