TMCnet News
Comtech Telecommunications Corp. Awarded $9.2 Million Additional Funding from U.S. ArmySeptember 9, 2019-- Comtech Telecommunications (News - Alert) Corp. (NASDAQ: CMTL) announced today that during its fourth quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech's Government Solutions segment, received additional funding of $9.2 million on a previously announced three-year $124.2 million contract to provide ongoing sustainment services for the AN/TSC-198A SNAP (Secret Internet Protocol Router ("SIPR") and Non-classified Internet Protocol Router ("NIPR") Access Point (News - Alert)), and baseband equipment. SNAP terminals provide quick and mobile satellite communications capabilities to personnel in the field. The contract has been funded $74.9 million to date. "This additional funding is another example that our U.S. Army customer coninues to trust Comtech as a preferred service provider for our deployed soldiers," said Fred Kornberg (News - Alert), President and Chief Executive Officer of Comtech Telecommunications Corp. 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: https://www.businesswire.com/news/home/20190909005152/en/ |
