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Comtech awarded multi-million dollar contract by U.S. Navy

Comtech announced that its subsidiary, Comtech EF Data, received a contract with a potential value of approximately $29M, to develop and produce the Advanced Time Division Multiple Access Interface Processor for the Space and Naval Warfare Systems Command. The contract includes options for development and engineering services including software design and development, test and evaluation support and sustainment support on a cost-plus basis. The contract also provides for the eventual production of the ATIP terminals at a firm-fixed price over a four year period through 2018. The total contract value, including production options, approximates $29M. The company received its first development order for $7.5M relating to the development phase of the ATIP and funding for this order has initially been set at $4.5M.