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EX-99.1 - PRESS RELEASE - COMTECH TELECOMMUNICATIONS CORP /DE/ex99-1.htm


 
United States
Securities and Exchange Commission
Washington, D.C. 20549

 
 FORM 8-K
 
 
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 
 
April 8, 2013
(April 3, 2013)
 
 
0-7928
Date of Report
(Date of earliest event reported)
 
Commission File Number

 
 
(Exact name of registrant as specified in its charter)

Delaware
 
11-2139466
(State or other jurisdiction of
incorporation or organization)
 
 
(I.R.S. Employer Identification Number)

 
 
68 South Service Road, Suite 230
Melville, New York  11747
 
 
  (Address of Principal Executive Offices) (Zip Code)
 
     
     
 
(631) 962-7000
 
 
(Registrant’s telephone number, including area code)
 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 
 
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.

 
 
 

 
 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, Comtech Telecommunications Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
  COMTECH TELECOMMUNICATIONS CORP.
 
Dated: April 8, 2013
 
By:
/s/ Michael D. Porcelain      
 
Name: Michael D. Porcelain
 
Title: Senior Vice President and
 
Chief Financial Officer