Comtech Awarded in Excess of $5.4 Million Additional Funding from U.S. Army


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October 15, 2018 -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today, that during its first quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech's Government Solutions segment, received additional funding in excess of $5.4 million on the previously announced three-year $123.6 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), Very Small Aperture Terminals (VSATs). SNAP terminals provide quick and mobile satellite communications capability to personnel in the field. The contract has been funded $38.9 million to-date.

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"Our team remains dedicated and focused on providing professional support services to the U.S. Army. Supporting our warfighters and sustaining our fielded VSAT systems is always a top priority for Comtech," said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp.

The Command & Control 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.


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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


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: Press Releases