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Comtech Receives $1.3 Million of Funding for Option Year 2 of the U.S. Army Sustainment Support of the Blue Force Tracking Program
[September 11, 2019]

Comtech Receives $1.3 Million of Funding for Option Year 2 of the U.S. Army Sustainment Support of the Blue Force Tracking Program


September 11, 2019-- Comtech Telecommunications (News - Alert) 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 (News - Alert) 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 operations and program management through a Firm Fixed Price contract with Time & Materials and Cost Reimbursemen elements. Option Year 2 performance period began April 15, 2019 and ends April 14, 2020, and the contract provides for two additional twelve-month option periods, exercisable by GSA (News - Alert).



"Comtech continues to establish itself as a trusted provider to the U.S. Army by delivering sustainable secure communications systems to the warfighter," said Fred Kornberg (News - Alert), President and Chief Executive Officer of Comtech Telecommunications Corp. "This additional funding further illustrates that Comtech's contributions are an important factor in the success of their mission."

BFT-1 is a battle command, real-time situational awareness and control system. Under the five-year BFT-1 sustainment contract, Comtech performs engineering services, satellite network operations and program management.


The Command & Control Technologies group is a leading provider of mission-critical, highly-mobile C4ISR solutions.

Comtech 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.

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


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