TMCnet News
Comtech Awarded $1.0 Million Contract Modification from U.S. ArmyJanuary 24, 2018-- Comtech Telecommunications (News - Alert) Corp. (Nasdaq:CMTL) announced today that during its second quarter of fiscal 2018, its Command & Control Technologies group, which is part of Comtech's Government Solutions segment, has received a contract modification valued at approximately $1.0 million from the U. S. Army Project Manager (PM) Tactical Networks. The modification increases the total amount funded on this delivery order from $39.4 million to $40.3 million. The funding will support enhanced readiness for U.S. based expeditionary units. "Comtech has established itself as a trusted provider to the maneuver elements of the armed forces by delivering reliable, secure communications systems," said Fred Kornberg (News - Alert), President and Chief Exeutive Officer of Comtech Telecommunications Corp. "This award further illustrates that Comtech is making an important contribution to their mission success." The Command & Control Technologies group is a leading provider of mission-critical, highly-mobile C4ISR solutions. 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: http://www.businesswire.com/news/home/20180124005138/en/ |
