Comtech Telecommunications Corp. Announces $24.0 Million Government Solutions Orders for Tracking Stations
March 29, 2017 at 10:30 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
March 29, 2017-- Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that its Command and Control Technologies group, which
is part of its Government Solutions segment, has been awarded orders
totaling approximately $24.0 million by an international space agency
for the design, development and installation of multiple launch vehicle
tracking stations in the South Pacific. These stations will provide
mission supports for newly developed launch vehicle technologies and
deliveries pursuant to these contracts are anticipated to substantially
occur over the next two years.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are extremely pleased with the
confidence that the international space agency has placed in the
advanced communication solutions capabilities of our Government
Solutions segment. The automated and remote technologies we have
developed for these new stations will allow the international space
agency to provide more cost effective launch services to their customers
throughout the world."
Comtech's Government Solutions segment manufactures its space &
components technology in Torrance, California and has over 40 years'
experience in design, development, manufacturing and installation of
ground stations utilized for launch vehicle and satellite tracking. This
segment provides services encompassing all aspects of station life cycle
to include: requirements definition and analysis; design, development
and integration of turnkey systems from antenna to data processing;
civil works and construction; station installation and verification;
operations and maintenance; and decommissioning at end of life.
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.