Comtech Telecommunications Corp. Receives $12.0 Million Contract with Major Telecom Equipment Manufacturer for Global Commercial Wireless Market
April 26, 2016 at 1:00 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
April 26, 2016--Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that its commercial solutions segment has signed a
multi-year contract valued at approximately $12.0 million with a major
telecom equipment manufacturer. Under the terms of the contract, the
telecom equipment manufacturer, which also is a global distributor of
Comtech's services, will support the continued roll out of Comtech's
solutions to several wireless operators across the globe, including a
large-scale North American-based wireless operator.
"Securing a contract in excess of $12.0 million with one of the world's
leading equipment manufacturers is a major milestone for our
organization as it underpins the continued need for our solutions in the
wireless operator segment," said Dr. Stanton Sloane, President and Chief
Executive Officer of Comtech Telecommunications Corp. "This contract
will support the continued roll out of services and allow us to
distribute our solutions to wireless operators worldwide."
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. The Company
believes it is a leader in most of the market segments that it serves.
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.