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CMTL > SEC Filings for CMTL > Form 8-K on 8-Apr-2013All Recent SEC Filings

Show all filings for COMTECH TELECOMMUNICATIONS CORP /DE/ | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Financial Statem

Item 1.01 Entry into a Material Definitive Agreement.

On April 3, 2013, Comtech Telecommunications Corp.'s subsidiary, Comtech Mobile Datacom Corporation, modified its Blue Force Tracking ("BFT-1") sustainment contract with the U.S. Army. The Company agreed to a two year $43.6 million BFT-1 sustainment contract which modified the terms of its previous three year BFT-1 sustainment contract which had a not-to-exceed value of $80.7 million. The contract value for Year 2 was definitized at $20.8 million and has a performance period of April 1, 2013 to March 31, 2014. The contract value for Year 1 was definitized at $22.8 million. The modified two year BFT-1 sustainment contract provides the U.S. government with the ability to fund orders in stages.

A copy of the press release announcing the contract is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description
  99.1           Press Release, dated April 8, 2013,
               announcing that the Company modified its
               BFT-1 sustainment contract and received an
               initial order for Year 2 of BFT-1
               sustainment services.

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