Comtech Telecommunications Announces $1.7 Million Contract for Solid State Amplifiers.Business & High Tech Editors MELVILLE, N.Y.--(BUSINESS WIRE)--June 8, 2000 Comtech Telecommunications Corp. (Nasdaq: CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ) announced today that it has received a second follow-on contract valued at approximately $1.7 million for the production of solid state amplifiers used in the Condor Systems, Inc. Shortstop Electronic Protection System (SEPS SEPS Subfascial Endoscopic perforator Surgery SEPS Shortstop Electronic Protection System SEPS Styrene-Ethylene-Propylene-Styrene SEPS Southeastern Pharmacology Society SEPS Standard Electronic Processing System SEPS Sprint Email Protection Services ). Condor awarded the contract to Comtech's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of operating unit 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 PST PST Paroxysmal supraventricular tachycardia, see there Corp. It is the third award resulting from a 1998 joint development agreement between Condor and Comtech. Prior awards associated with the joint development agreement total approximately $3.4 million. Shortstop is a portable and silent system that creates an electronic signal that causes mortar, artillery shells and rockets, fitted with proximity fuses, to explode prematurely by falsely signaling that they have reached their target. The award announced today is part of a project in which Condor is providing the U.S. Army with Shortstop Systems for urgent field deployments. The Army and other government customers have requested additional production which, if funded, would begin later on this year and continue for three to five years. This could generate solid state amplifier contracts with an estimated value of between $15 million and $25 million. Fred Kornberg, president and chief executive officer of Comtech Telecommunications, said the follow-on awards demonstrate the synergistic benefits of the 1998 joint venture agreement. "Participation in this program allows Comtech to showcase its technical capabilities with the prospect of additional significant follow on orders," Mr. Kornberg said. Condor Systems, Inc., is a privately held defense electronics firm headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , and is a world leader in intelligence and electronic warfare Noun 1. electronic warfare - military action involving the use of electromagnetic energy to determine or exploit or reduce or prevent hostile use of the electromagnetic spectrum EW military action, action - a military engagement; "he saw action in Korea" systems and products. Comtech Telecommunications Corp. is an innovative and increasingly significant player in domestic and global high-technology markets. Through its operating units, 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 is 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 site and other wireless communications systems. More than 250 distinct Comtech products are in service in more than 100 countries. Certain information contained herein includes information that is forward-looking. The matters referred to in forward-looking statements may be affected by the risks and uncertainties involved in the Company's business. These forward-looking statements are qualified in their entirety by the cautionary statements contained in the Company's Securities and Exchange Commission filings. |
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