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Stock impact report

Comtech Receives Over $6.0 Million of Funding to Support the U.S. Army’s Blue Force Tracking System

Comtech Telecommunications Corp. (CMTL) 
Last comtech telecommunications corp. earnings: 3/4 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: comtechtel.com/ir.cfm
Company Research Source: Business Wire
MELVILLE, N.Y.--(BUSINESS WIRE)--April 13, 2020 -- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its third quarter of fiscal year 2020, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded $6.2 million of initial funding for Option Period Three and $0.3 million of incremental funding for Option Period Two of contract GS03Q17DSC0002.These contract modifications are 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 (“FFP”) contract with Time & Materials (“T&M”) and Cost Reimbursement elements. Option Period Three’s performance period begins April 15, 2020 and ends April 14, 2021, and the co Show less Read more
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