Comtech (CMLT) Receives Air Force Contract Worth Up to $200M
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Comtech Telecommunications Corp. (Nasdaq: CMTL) was awarded a contract from the Air Force Research Laboratory for the development of Advanced Plug and Play Technologies for space missions.
The contract is an indefinite delivery/indefinite quantity 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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