Comtech Telecommunications Corp. Announces Contract Renewal of $2.1 Million with Fortune Global 500 Company
MELVILLE, N.Y.--(BUSINESS WIRE)--
January 11, 2017--Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that during the Company's second quarter of fiscal 2017,
a $2.1 million contract with its Commercial Solutions segment has been
renewed for a one year period. Under this contract, which was awarded
from a Fortune Global 500 Company, Comtech provides various navigation
and telematics solutions which are used in consumer vehicles.
"This contract renewal demonstrates Comtech's strength and reputation in
the telematics and navigation industry," said Fred Kornberg, President
and Chief Executive Officer of Comtech Telecommunications Corp. "This
customer and our other OEM customers find tremendous value in our
navigation data services which continue to meet emerging industry
expectations for content while addressing consumer safety and security
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170111005688/en/
Michael D. Porcelain, Senior Vice President and
Chief Financial Officer
Source: Comtech Telecommunications Corp.
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