Comtech Telecommunications Corp. Awarded $3.0 Million Additional Funding from U.S. Army
24 October 2019 - 12:00AM
Business Wire
October 23, 2019 -- Comtech Telecommunications Corp. (NASDAQ:
CMTL) announced today that during its first quarter of fiscal 2020,
its Mission-Critical Technologies group, which is part of Comtech’s
Government Solutions segment, received additional funding of $3.0
million on the previously announced three-year $124.2 million
contract to provide ongoing sustainment services for the
AN/TSC-198A SNAP (Secret Internet Protocol Router (“SIPR”) and
Non-classified Internet Protocol Router (“NIPR”) Access Point), and
baseband equipment. SNAP terminals provide quick and mobile
satellite communications capabilities to personnel in the field.
The contract has been funded $77.9 million to date.
“We are pleased the U.S. Army continues to trust Comtech’s
expertise in providing quality support for our fielded VSAT
systems,” said Fred Kornberg, President and Chief Executive Officer
of Comtech Telecommunications Corp. “This additional funding
demonstrates the importance of the mission supporting our
warfighters.”
The Mission-Critical Technologies group is a leading provider of
mission-critical, highly-mobile C4ISR solutions.
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.
PCMTL
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version on businesswire.com: https://www.businesswire.com/news/home/20191023005025/en/
Media: Michael D. Porcelain, Senior Vice President and Chief
Operating Officer 631-962-7000 info@comtechtel.com
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