Comtech Receives Contract Award in Excess of $8.0 Million from Major Space Contractor
MELVILLE, N.Y.--(BUSINESS WIRE)--
November 28, 2017 -- Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that during its first quarter of fiscal 2018, its
Command & Control Technologies group, which is part of Comtech's
Government Solutions segment, has received a contract from a major U.S.
space contractor to source and test space components in support of a
critical NASA Program. This contract is valued in excess of $8.0 million
and was initially funded in excess of $4.0 million.
"We are pleased that this customer has placed their confidence in our
space-level parts supply chain management and engineering services,"
said Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. "We look forward to announcing more contract
awards from this customer soon."
The Command & Control Technologies group is a leading provider of
mission-critical, highly-mobile C4ISR solutions from the desktop to the
edge of the network, for land, maritime, and airborne applications. For
over 40 years, the Space & Component Technology Division, located in
Torrance, California, has specialized in supply of high reliability
microelectronics, supplying Electrical, Electronic and Electromechanical
(EEE) parts for use in satellite and launch vehicle applications.
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.