Comtech Telecommunications Corp. Announces $13.4 Million in Funding to Supply U.S. Army with Hardware
October 17, 2016 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
October 17, 2016 -- Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that during its first quarter of fiscal 2017, Comtech's
Command and Control Technologies Group, which is part of its Government
Solutions segment, received a $13.4 million funded order for its Secret
Internet Protocol Router and Non-Secure Internet Protocol Router Access
Point (SNAP) Very Small Aperture Terminal (VSAT) satellite systems and
To-date, Comtech has received $62.8 million of funded orders against the
$91.0 million contract ceiling. The U.S. Army Project Manager for the
Warfighter Information Network - Tactical (PM WIN-T) Commercial
Satellite Terminal Program is funding this procurement through the
Army's GTACS contract vehicle.
"We are pleased to announce the further investments made by the U.S.
Army for our SNAP and VSAT Hardware for this reliable communication
system," said Fred Kornberg, President 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.