Comtech Telecommunications Corp. Signs a $6.0 Million Purchase Agreement for High-Power Amplifiers
October 8, 2014 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
October 8, 2014--Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that its New York-based subsidiary, Comtech PST Corp.,
signed a Purchase Agreement valued at $6.0 million and received multiple
orders pursuant to the Agreement totaling approximately $3.7 million
from a major domestic OEM to supply solid-state high-power amplifiers.
The balance of orders under the agreement are expected to be received
over the next fifteen months.
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
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "This order 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.
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer 631-962-7000 email@example.com