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Comtech Telecommunications Corp. Awarded $6.5 Million Order from U.S. Army for Mobile Satellite Equipment - Odessa American: Business

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Comtech Telecommunications Corp. Awarded $6.5 Million Order from U.S. Army for Mobile Satellite Equipment

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Posted: Monday, July 27, 2020 11:01 am | Updated: 11:31 am, Mon Jul 27, 2020.

MELVILLE, N.Y.--(BUSINESS WIRE)--Jul 27, 2020--

July 27, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its fourth quarter of fiscal year 2020, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was awarded an order consisting of $6.5 million of additional funding on a previously announced three-year $124.2 million contract to provide ongoing sustainment services and baseband equipment. The contract has been funded $95.0 million to date.

“This award further illustrates that Comtech is making an important contribution to the mission of our U.S. Army customer by delivering reliable, secure communications systems,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

The Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20200727005605/en/

CONTACT: Media Contact:

Michael D. Porcelain, President and Chief Operating Officer

631-962-7000

info@comtechtel.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SEMICONDUCTOR AEROSPACE SECURITY MANUFACTURING SATELLITE AUDIO/VIDEO TRANSPORT TELECOMMUNICATIONS SOFTWARE NETWORKS INTERNET HARDWARE ELECTRONIC DESIGN AUTOMATION LOGISTICS/SUPPLY CHAIN MANAGEMENT VOIP TECHNOLOGY OTHER COMMUNICATIONS COMMUNICATIONS

SOURCE: Comtech Telecommunications Corp.

Copyright Business Wire 2020.

PUB: 07/27/2020 12:00 PM/DISC: 07/27/2020 12:01 PM

http://www.businesswire.com/news/home/20200727005605/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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