Comtech Telecommunications Corp. Receives $7.4 Million in Additional Orders Relating to a Satellite System Project for End-Use by the Brazilian Military

Loading...
Loading...
MELVILLE, N.Y.--(BUSINESS WIRE)--

December 8, 2014-- Comtech Telecommunications Corp. CMTL announced that its Orlando, Florida-based subsidiary, Comtech Systems, Inc., has received $7.4 million in contract add-ons for a Satellite System Project for end-use by the Brazilian Military. These orders, the substantial majority of which were received in November 2014, consist of additional satellite terminal designs and the supply of equipment and services to implement the project.

Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., stated, “We are extremely pleased by these new orders. Once again, the recognition of Comtech Systems' advanced satellite communications solutions and equipment demonstrates the success of our continued dedication to our international business and customers.”

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.

PCMTL

Media:
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
631-962-7000
info@comtechtel.com

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...