Comtech Telecommunications Corp. Announces $8.8 Million in Funding to Supply U.S. Army with Hardware
November 8, 2016 at 10:00 AM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
November 8, 2016-- Comtech Telecommunications Corp. (Nasdaq:CMTL),
announced today that during its first quarter of fiscal 2017, Comtech'sCommand & Control Technologies Group, which is part of its Government
Solutions segment, received an additional funded order of $8.8 million
for its Secret Internet Protocol Router and Non-Secure Internet Protocol
Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) satellite
To-date, Comtech has received $71.5 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 to continue supporting the needs of the U.S. Army. Not
only are our SNAP and VSAT hardware solutions cost-effective, but they
are easily deployable and reliable. We look forward to receiving
additional orders in the future," said Fred Kornberg, 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.
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.