Comtech Telecommunications Corp. Announces Release of $7.4 Million of Orders for High-Power Integrated Amplifier Systems
MELVILLE, N.Y., Jan. 30, 2012 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Melville, New York-based subsidiary, Comtech PST Corp., has been authorized to begin work on $7.4 million of orders that it previously received from a domestic prime contractor to supply broadband, solid-state, high-power radio signal jamming integrated amplifier systems. These orders were previously subject to a work stoppage as a result of a protest against Comtech's customer's prime contract, which has since been withdrawn.
Comtech's integrated amplifier systems, which include the latest solid-state transistor technology and provide for very broad frequency coverage, are key components in jamming systems manufactured by our customer.
In commenting on these orders, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are pleased to begin work on these integrated amplifier systems which will be used as part of a larger system to prevent improvised explosive devices from exploding and causing casualties to military personnel."
Comtech PST Corp. (www.comtechpst.com) is a leading independent supplier of broadband, high-power, high performance RF microwave amplifiers for use in a broad spectrum of applications including defense, medical, satellite communications systems and instrumentation.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in 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.
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