Comtech Telecommunications Corp. Announces Contract Renewal of Approximately $10.0 Million with a Fortune 100 Customer
October 31, 2016 at 1:00 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
October 31, 2016-- Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that during the first quarter of fiscal 2017, a contract
with its Commercial Solutions segment has been renewed for approximately
$10.0 million for a one-year period beginning December 1, 2016 through
December 1, 2017. Under this contract, Comtech provides a GPS-enabled
application to a key Fortune 100 customer.
"This renewal by our customer is a testament to our technological
leadership and strength in providing intelligent navigation applications
including ones built on 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 a number
of 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.