Comtech Telecommunications Corp. Receives $5.0 Million in Additional Orders Relating to Its North African End-Customer Contracts
December 4, 2014 at 1:00 PM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
December 4, 2014 -- Comtech Telecommunications Corp. (NASDAQ:CMTL)
announced that its Orlando, Florida-based subsidiary, Comtech Systems,
Inc., has received $5.0 million in contract modifications, almost all of
which were received in November 2014, from a domestic prime contractor
for equipment enhancements, additional services and spares related to
its North African country end-customer contracts.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., stated, "We are extremely pleased by these
orders for equipment enhancements, spares and services. We look forward
to continuing to work with this prime contractor and foreign
end-customer on this and future opportunities."
Comtech Systems, Inc. (www.comtechsystems.com)
specializes in system design, integration, supply and commissioning of
turnkey communication systems including over-the-horizon microwave,
line-of-sight microwave and satellite.
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.
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer 631-962-7000 email@example.com