Comtech Definitizes $23.5 Million Contract for Satellite-based Tracking and Messaging Systems.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 18, 2003 Comtech Telecommunications Corp. (Nasdaq: CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ) announced today the definitization of a contract with a major U.S. prime contractor for satellite-based location tracking and messaging systems and services. The $23.5 million contract, which was awarded to the Company's Maryland-based subsidiary, Comtech Mobile Datacom Corp., involves the integration of Comtech's mobile terminal transceivers into the prime's command and control systems that will provide terrestrial line-of-sight and satellite capability for messaging and position reporting to the U.S. Army. Comtech's efforts include the supply of mobile terminal transceivers, the lease of satellite capacity, operation of the satellite packet data network, and associated systems support and maintenance. Comtech has been working on this project since October 2002 pursuant to a letter subcontract sub·con·tract n. A contract that assigns some of the obligations of a prior contract to another party. intr. & tr.v. sub·con·tract·ed, sub·con·tract·ing, sub·con·tracts . Performance will continue through February 2004. The terminals used in this application are similar to those that Comtech provides to the Army Logistics Command pursuant to its multi-year Movement Tracking Systems (MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. ) contract which has a potential value of $418 million. The network to be used for the application will engage similar hub and switch systems as are deployed for the MTS program. Contracts for satellite capacity have been placed with commercial satellite operators to secure the necessary geographic coverage to complement Comtech's existing coverage of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and the services over these systems are up and operating. Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "This contract represents the first significant military award outside of the Army Logistics Command MTS contract. We will continue to pursue other opportunities for battle command applications." Comtech Mobile Datacom Corp., a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services for the land transportation, remote sensing Deriving digital models of an area on the earth. Using special cameras from airplanes or satellites, either the sun's reflections or the earth's temperature is turned into digital maps of the area. , utility and aviation markets. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com. Comtech Telecommunications Corp. is an innovative player in domestic and global high-technology markets. Through its operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Comtech pursues opportunities in three interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services. In each of these segments, growth has been driven by increasing demand for telecommunications infrastructure and network and messaging services. The Company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over-the-horizon microwave, terrestrial line-of-sight and other wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. systems. More than 275 distinct Comtech products are in service in more than 100 countries. 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. PCMTL PCMTL Progressive Cars Montreal (Montreal, Canada) |
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