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Stock impact report

Comtech Receives $5.1 Million of Funding to Support the U.S. Army Blue Force Tracking Program

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)-- July 17, 2018-- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that during its fourth quarter of fiscal 2018, its Command & Control Technologies group, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is part of Comtech’s Government Solutions segment, was awarded option period one of a contract to support the BFT-1 program. The option has an overall potential value of approximately $8.0 million. Including this order, to-date funding in the overall amount of $5.9 million has been received. The overall funded value of the contract inclusive of the Base and Option Year 1 is approximately $13.5 million. 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 engineerin Show less Read more
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