Comtech Telecommunications Corp. Awarded $15.0 Million Additional Funding from U.S. Army
MELVILLE, N.Y.--(BUSINESS WIRE)--May 13, 2019--May 13, 2019-- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that during its third quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech’s Government Solutions segment, received additional funding of $15.0 million on the 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), and baseband equipment. SNAP terminals provide quick and mobile satellite communications capabilities to personnel in the field. The contract has been funded $65.6 million to date.
“We strive to provide the best service and support to the U.S. Army’s mission; this additional funding confirms the commitment in that support,” said Fred Kornberg, 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.
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Michael D. Porcelain, Senior Vice President and Chief Operating Officer
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET NETWORKS SOFTWARE AUDIO/VIDEO TELECOMMUNICATIONS TRANSPORT SATELLITE SECURITY SEMICONDUCTOR VOIP MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT AEROSPACE DEFENSE COMMUNICATIONS CONTRACTS OTHER COMMUNICATIONS
SOURCE: Comtech Telecommunications Corp.
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PUB: 05/13/2019 09:00 AM/DISC: 05/13/2019 09:00 AM