Comtech Telecommunications Corp. Awarded $2.2 Million Orders for High-Power Amplifiers
March 2, 2015 at 10:00 AM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
March 2, 2015--Comtech Telecommunications Corp. (Nasdaq:CMTL) announced
today that, during its third quarter of fiscal 2015, its New York-based
subsidiary, Comtech PST Corp., received additional orders totaling
approximately $2.2 million under a previously announced $6.0 million
Purchase Agreement with a major domestic OEM to supply solid-state
high-power amplifiers.
These amplifiers are key components in a complex Identification Friend
or Foe (IFF) system used to interrogate aircraft to determine their
friend or foe status. This order supplements an installed base of
Comtech IFF solid-state high-power amplifiers previously delivered to
this customer.
Dr. Stanton Sloane, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are pleased to have received these
additional orders which once again reaffirms the quality and reliability
of Comtech's solid-state amplifier products as well as the continuation
of our relationship with this premier supplier of IFF systems to both
U.S. and international customers."
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 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.
PCMTL
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer 631-962-7000 info@comtechtel.com