Comtech Telecommunications Corp. Receives $140.5 Million Blue Force Tracking Contract Ceiling Increase
May 13, 2010
Comtech Mobile Datacom Corporation, received a $140.5 million ceiling increase to its existing Blue Force Tracking ("BFT") program contract with the U.S. Army. The total contract ceiling is now $384.0 million for which Comtech has received orders to date totaling $234.4 million. Comtech's existing BFT contract expires in December, 2011.
The ceiling increase enables Comtech to continue to provide BFT-1 mobile satellite transceivers, satellite bandwidth, satellite network operations, engineering services and program management support to the FBCB2-BFT program, a battle command real-time situational awareness command and control system.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased to receive another BFT contract ceiling increase and believe that this action is a clear signal of the critical need for our BFT solutions."
Mr. Kornberg added, "We continue to respond to the U.S. Army's competitive BFT-2 proposal process and believe that our BFT-2 solution provides the U.S. Army a unique ability to seamlessly transition from our current BFT-1 solution to our BFT-2 solution by offering a staged upgrade cycle that eliminates the risk of network disruption while minimizing the costs of operating two different networks during a challenging budget environment."
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