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Technology Stocks : Comtech (CMTL)

CMTL 2.860

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From: JakeStraw	10/13/2009 8:25:07 AM
	of 155

Comtech Telecommunications Corp. Receives Strategic $200.0 Million IDIQ Contract for Microsatellites finance.yahoo.com Tuesday October 13, 2009 MELVILLE, N.Y., Oct. 13, 2009 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Virginia-based subsidiary, Comtech AeroAstro, Inc., has been awarded a contract from the Air Force Research Laboratory ("AFRL") for the development of Advanced Plug and Play Technologies for space missions. The contract is an indefinite delivery/indefinite quantity ("IDIQ") contract with a maximum value of $200.0 million and an order period of five years. The award includes an initial Task Order with a value of $500,000. Additional potential orders are not expected to be received until fiscal 2011.

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