Comtech Telecommunications Corp. (NASDAQ: CMTL) has announced 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 USD 1.3 million of incremental funding for Option Year 2 of contract GS03Q17DSC0002 with an overall potential value of approximately USD 8.5 million, the company said.
To-date funding in the overall amount of USD 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 USD 20.6 million.
This contract modification is part of the five-year BFT-1 sustainment support contract for the US 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 Reimbursement 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.
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.