Comtech Telecommunications Corp. Announces $7.6 Million in Funding to Supply U.S. Army with Hardware
August 9, 2016 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
August 9, 2016 -- Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that during its fourth quarter of fiscal 2016, its
Government Solutions segment received a $7.6 million funded order for
its Secret Internet Protocol Router and Non-Secure Internet Protocol
Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) satellite
To-date, Comtech has received $49.5 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.
"Our cost-effective, easily deployable and reliable communications
systems provide the ideal advanced communication support needed by the
U.S. Army, and we are pleased to once again announce they will continue
to fund further investments for our SNAP and VSAT hardware," said Dr.
Stanton Sloane, President and Chief Executive Officer of Comtech
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.