-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ONOxg2g+1fxa2Abl45hQtXlGsH6ybt/KhhuCBDzXOCdcebWgMfegqFDIPwvWe3uy 0dYEsa/oW4WOL5jkmSHfbg== 0000023197-10-000010.txt : 20100505 0000023197-10-000010.hdr.sgml : 20100505 20100505164504 ACCESSION NUMBER: 0000023197-10-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100505 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100505 DATE AS OF CHANGE: 20100505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP /DE/ CENTRAL INDEX KEY: 0000023197 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 112139466 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07928 FILM NUMBER: 10802439 BUSINESS ADDRESS: STREET 1: 68 SOUTH SERVICE ROAD STREET 2: SUITE 230 CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 6319627000 MAIL ADDRESS: STREET 1: 68 SOUTH SERVICE ROAD STREET 2: SUITE 230 CITY: MELVILLE STATE: NY ZIP: 11747 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH INC DATE OF NAME CHANGE: 19870503 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP DATE OF NAME CHANGE: 19831215 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH LABORATORIES INC DATE OF NAME CHANGE: 19780425 8-K 1 form8-k.htm CURRENT REPORT form8-k.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
 

 
May 5, 2010
 
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 8.01              Other Events.

On May 5, 2010, Comtech Telecommunications Corp (the “Company”) issued a press release announcing that its third-party supplier of new MTS ruggedized computers and certain related accessories has met and slightly exceeded Comtech’s estimated production and delivery schedule for its most recent quarter ended April 30, 2010. In addition, although minor production and technical issues remain, Comtech believes its third-party supplier is on track to meet or slightly exceed Comtech’s estimated production and delivery schedule for the remainder of its fiscal 2010. Comtech will provide a more specific update during its next quarterly earnings conference call which is anticipated to occur during the firs t week of June 2010.
 
In addition, the Company’s subsidiary, Comtech Mobile Datacom Corporation, received a ceiling increase of $67.3 million to its Movement Tracking System (“MTS”) program contract. The total contract ceiling for its MTS contract is now $672.4 million.
 
The foregoing description of the press release is qualified in its entirety to the press release, a copy of which is attached hereto and incorporated by reference herein as Exhibit 99.1.


Item 9.01              Financial Statements and Exhibits.

(d) Exhibits.
 
The following exhibit is filed herewith:

 
 
 

 
 

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:  May 5, 2010   
   
By:  /s/ Michael D. Porcelain           
   Name:  Michael D. Porcelain
   Title:    Senior Vice President and
                Chief Financial Officer

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Exhibit 99.1

COMTECH TELECOMMUNICATIONS CORP. RECEIVES $67.3 MILLION
MOVEMENT TRACKING SYSTEM CONTRACT CEILING INCREASE AND PROVIDES
MTS CONTRACT UPDATE
 
Melville, New York, May 5, 2010 - Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received a $67.3 million ceiling increase to its Movement Tracking System (MTS) program contract with the U.S. Army and that deliveries under this contract ceiling increase can continue to be made through July 2011. The total contract ceiling for its current MTS contract is now $672.4 million for which Comtech has received orders to date of $595.2 million.

Since Comtech’s MTS contract was previously near its ceiling limit, this increase enables Comtech to continue to provide uninterrupted satellite airtime capacity as well as communications equipment, engineering support, worldwide installation, network management services, training and technical support services to the U.S. Army.
 
In addition to the MTS contract ceiling increase, Comtech also announced that its third-party supplier of new MTS ruggedized computers and certain related accessories has met and slightly exceeded Comtech’s estimated production and delivery schedule for its most recent quarter ended April 30, 2010. In addition, although minor production and technical issues remain, Comtech believes its third-party supplier is on track to meet or slightly exceed Comtech’s estimated production and delivery schedule for the remainder of its fiscal 2010. Comtech will provide a more specific update during its next quarterly earnings conference call which is anticipated to occur during the first week of June 2010.
 
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased to have received this MTS contract ceiling increase which supports immediate U.S. Army operational needs and demonstrates the continuing value of our MTS mobile tracking hardware, network and services to the U.S. Army. We believe this contract ceiling increase bodes well as we look towards our fiscal 2011 and we anticipate receiving a major order against this contract ceiling increase shortly.”
 
Mr. Kornberg added, “With the current contract still expiring in July 2010, we believe that it is unlikely that the next-generation MTS proposal process will be complete by that date. We believe that a significant portion of this ceiling increase will be utilized to provide the full spectrum of solutions required to meet the MTS program’s needs.”
 
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services through the use of advanced communication and network technology. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com.
 
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.
 
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.
 
PCMTL
 
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Media Contacts:
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Jerome Kapelus, Senior Vice President, Strategy and Business Development
(631) 962-7000
Info@comtechtel.com
 
 
 

 
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