Comtech Telecommunications Corp. Awarded $6.5 Million Order from U.S. Army for Mobile Satellite Equipment
July 27, 2020-- Comtech Telecommunications (News - Alert) 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 (News - Alert), Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.
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.