Comtech Telecommunications Corp. Announces Contract Renewal of Approximately $8.4 Million with a Fortune 100 Customer
October 12, 2017 at 1:00 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
October 12, 2017-- Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that during its first quarter of fiscal 2018, its
Enterprise Technologies group, which is part of Comtech's Commercial
Solutions segment, has received a contract renewal for a GPS-enabled
application from a key Fortune 100 customer. The contract value over the
next twelve-months is estimated at $8.4 million.
"This renewal by a Fortune 100 customer demonstrates our continuing
leadership in delivering powerful navigation solutions that use our
Location Studio™ platform," said Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp. "We are pleased to
continue to support our Fortune 100 customer and believe we will
continue to do so for many years ahead."
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.