Comtech Telecommunications Gets $8.4 Million Contract

Comtech Telecommunications Corp. CMTL revealed that it signed an additional multi-year contract valued at about $8.4 million with a major telecom equipment manufacturer.

According to the company, the telecom equipment maker would support the continued rolling out of its advanced communication solutions to a number of wireless operators throughout the world. That included a big-scale North American-based wireless operator.

The latest announcement comes on the heels of a disclosure last month that it secured a similar contract worth more than $12.0 million with the same big telecom equipment manufacturer. Its President and CEO, Stanton Sloane, commented, "We are pleased that our customer has signed an additional multi-year contract and believe this demonstrates their confidence in our wireless service expertise."

The stock traded 0.22 percent down on Thursday.