Comtech Awarded $3.0 M Additional Funding from US Army

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its first quarter of fiscal 2020, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, received additional funding of $3.0 million on the previously announced three-year $124.2 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), and baseband equipment. SNAP terminals provide quick and mobile satellite communications capabilities to personnel in the field. The contract has been funded $77.9 million to date.

“We are pleased the U.S. Army continues to trust Comtech’s expertise in providing quality support for our fielded VSAT systems,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “This additional funding demonstrates the importance of the mission supporting our warfighters.”

The Mission-Critical Technologies group is a leading provider of mission-critical, highly-mobile C4ISR solutions.

Source: Comtech Telecommunications Corp.
Date: Oct 23, 2019