Comtech Telecommunications Corp. Announces $5.8 Million in Incremental Funding to Supply U.S. Army with Hardware
May 4, 2016 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
May 4, 2016-- Comtech Telecommunications Corp. (Nasdaq:CMTL), today
announced that its government solutions segment has receivedincremental
funding in the amount of $5.8 millionto further support
its Secret Internet Protocol Router and Non-secure Internet Protocol
Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) hardware
and sustainment servicesdelivery order.
To date, Comtech has received $40.5 million of funded orders against the
$91.0 million contract ceiling. The U.S. Army Project Manager for the
Warfighter Information Network - Tactical (PM WIN-T) Commercial
Satellite Terminal Program is funding this procurement through the
Army's GTACS contract vehicle.
"We are pleased that the U.S. Army has chosen to continue to fund
further investments for our SNAP and VSAT hardware. The U.S. Army
depends on having advanced communication solutions and we are pleased
that they have chosen our cost-effective, easily deployable and reliable
communications systems for their missions," said Dr. Stanton Sloane,
President and Chief Executive Officer of Comtech Telecommunications Corp.
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.