June 2, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its third quarter of fiscal year 2020, its Mission-Critical Technologies group’s Space & Component Technology division, which is part of Comtech’s Government Solutions segment, was awarded a contract valued at $12.6 million from a major U.S. prime contractor in support of NASA’s Orion Production and Operations Contract ("OPOC") or commonly known as the Artemis project. The Artemis project is intended to help NASA carry the first woman and next man to the moon by 2024.
Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are delighted to be part of this important program and this is a great day for Comtech. This award demonstrates that our U.S. prime contractor recognizes the unique value of Comtech’s space level electronic parts supply chain management and engineering services expertise for this critical manned space program."
The contract consolidates requirements for high reliability electrical, electronic and electromechanical ("EEE") parts and engineering services for multiple customer sites in support of three spacecraft missions: Artemis III, IV and V. The contract was initially funded at $6.3 million and the final contract value is subject to final negotiation.
For over 40 years, Comtech’s Space & Component Technology ("SCT") division, located in Cypress, California, has specialized in the supply of high reliability microelectronics, supplying EEE parts for use in satellite, launch vehicle and manned space applications. Combining longstanding resources in Cypress, with new locations in Richardson, Texas and Hampshire, United Kingdom, SCT also provides services encompassing all aspects of ground station life cycle management to include requirements definition and analysis; design, development and integration of turnkey systems from antenna to data processing; civil works and construction; station installation and verification; operations and maintenance; and decommissioning at end of life. A full line of XY satellite tracking antennas from 30cm to 13m, as well as RF feeds, radomes and carbon fiber reflectors, all for LEO, MEO and GEO orbits are also supplied to customers worldwide. For more information, visit www.comtechspace.com.
The Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network.
Comtech Telecommunications Corp. designs, develops, produces, and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
Michael D. Porcelain, President and Chief Operating Officer