Comtech Receives an Award in Excess of $11.0 Million From Major U.S. Space Contractor
January 23, 2018 at 10:00 AM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
January 23, 2018-- Comtech Telecommunications 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 letter contract from a
major U.S. space contractor to source and test space level Electrical,
Electronic and Electromechanical (EEE) parts in support of a critical
NASA program. This contract is valued in excess of $11.0 million and was
initially funded in excess of $4.0 million.
"We are pleased that this customer has once again placed their
confidence in our space-level parts supply chain management and
engineering services. This is the second large order we've received from
this customer this fiscal year and I consider this the beginning of an
enduring relationship," 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 from the desktop to the
edge of the network, for land, maritime, and airborne applications. For
over 40 years, the Space & Component Technology Division, located in
Torrance, California, has specialized in supply of high reliability EEE
parts for use in satellite and launch vehicle applications for
international and domestic space contractors.
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.