Comarco has received a multiyear contract valued at more than $35 million from the U.S. Naval Weapons Center in Crane, Ind. Under the contract, the Anaheim firm will supply engineering services for the Navy center's ordnance programs.
The contract, which is Comarco's second-largest ever, has an initial period of three years with options for two additional years.
The contract will boost Comarco's sales by about 10% during the next year. The firm expects to report sales of about $80 million for its fiscal year ending Jan. 31.
The company plans to hire 130 people, mostly engineers, to perform the work. Most of the hiring will be done in the Indiana area, said Don Bailey, vice president of corporate development.
Comarco said the contract brings its current backlog of orders to more than $130 million. Comarco plans to form a new division in Bloomington, Ind., to perform the contract work.