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Technology Stocks : Comtech (CMTL)

CMTL 2.850

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From: JakeStraw	5/5/2010 10:21:00 AM
	of 155

Comtech Telecommunications Corp. Receives $67.3 Million Movement Tracking System Contract Ceiling Increase and Provides MTS Contract Update finance.yahoo.com MELVILLE, N.Y., May 5, 2010 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a $67.3 million ceiling increase to its Movement Tracking System (MTS) program contract with the U.S. Army and that deliveries under this contract ceiling increase can continue to be made through July 2011. The total contract ceiling for its current MTS contract is now $672.4 million for which Comtech has received orders to date of $595.2 million. Since Comtech's MTS contract was previously near its ceiling limit, this increase enables Comtech to continue to provide uninterrupted satellite airtime capacity as well as communications equipment, engineering support, worldwide installation, network management services, training and technical support services to the U.S. Army.

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