Comtech Telecommunications Corp. Received $4.0 Million Contract Extension for the U.S. Navy’s Advanced Time Division Multiple Access Interface Processor Terminals
By Business Wire News
By Business Wire News
July 6, 2015–Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., received a $4.0 million contract award extension for additional Advanced Time Division Multiple Access (TDMA) Interface Processor (ATIP) production terminals from the Space and Naval Warfare Systems Command (SPAWAR). This is the second of four anticipated production year awards on the ATIP contract. Comtech completed delivery of the initial year earlier this year to support the Navy’s initial fielding of this new capability. SPAWAR has funded $24.9 million of the $40.2 million total potential contract value.
The ATIP is a Layer-2 Ethernet bridging device installed on ship, shore and submarine platforms in the Navy Multiband Terminal (NMT). The ATIP program is providing significant improvements to the Advanced Extremely High Frequency (AEHF) system’s performance through dynamic bandwidth management, support for higher XDR data rates, and increased throughput. Later next year, Comtech will deliver an Adaptive Coding capability to further improve the AEHF system’s performance.
“This award was made possible by our successful completion of the initial ATIP development effort and delivery of the first year of production units,” commented Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp. “We are proud to continue to support and enhance the capabilities of the Navy’s communications system.”
Comtech EF Data Corp. is the recognized global leader in satellite bandwidth efficiency and link optimization. The advanced communication solutions encompass the Heights Networking Platform, Advanced VSAT Solutions, Modems, RAN & WAN Optimization, Network & Bandwidth Management and RF products. The Company is recognized as a technology innovator, and has a reputation for exceptional product quality and reliability. The solutions enable commercial and government users to reduce OPEX/CAPEX and to increase throughput for fixed and mobile/transportable satellite-based applications. For more information, visit www.comtechefdata.com.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company’s solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a leader in most of the market segments that it serves.
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.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer