August 6, 2012--Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its New York-based subsidiary, Comtech PST Corp., has received a five year Basic Ordering Agreement for solid-state, high-power amplifiers and other services from the U.S. Navy. The agreement which provides for issuance of individual delivery orders has an estimated ceiling value of approximately $9.2 million.
These high-power amplifiers to be ordered under this agreement provide for broad frequency coverage and are key components in systems utilized by the U.S. Navy.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “We are very pleased with the award of this Basic Ordering Agreement as it demonstrates our continued leadership as a strategic supplier of solid-state, broadband, high-power amplifiers to the U.S. Navy.”
Comtech PST Corp. (
) is a leading independent supplier of broadband, high-power, high performance RF microwave amplifiers and switches for use in a broad spectrum of applications including defense, medical, satellite communications systems and instrumentation.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its 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 market leader in 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.