Comtech Telecommunications Corp. (Nasdaq:CMTL), announced today that during its first quarter of fiscal 2017, Comtech's Command & Control Technologies Group, which is part of its Government Solutions segment, received an additional funded order of $8.8 million for its Secret Internet Protocol Router and Non-Secure Internet Protocol Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) satellite systems.
“We are pleased to continue supporting the needs of the U.S. Army. Not only are our SNAP and VSAT hardware solutions cost-effective, but they are easily deployable and reliable. We look forward to receiving additional orders in the future”
To-date, Comtech has received $71.5 million of funded orders against the $91.0 million contract ceiling. The U.S. Army Project Manager for the Warfighter Information Network - Tactical (PM WIN-T) Commercial Satellite Terminal Program is funding this procurement through the Army's GTACS contract vehicle.
“We are pleased to continue supporting the needs of the U.S. Army. Not only are our SNAP and VSAT hardware solutions cost-effective, but they are easily deployable and reliable. We look forward to receiving additional orders in the future,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp.
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.
Source: Comtech Telecommunications Corp.
Date: Nov 8, 2016