Comtech Telecommunications Corp. (NASDAQ: 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.”
Source: Comtech Telecommunications Corp.
Date: Dec 8, 2014