Comtech Awarded $9.1M Additional Funding from US Army

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was awarded $9.1 million of additional funding, including $7.8 million in the fourth quarter of fiscal 2020, all which is part of its previously announced $223.4 million contract to provide Very Small Aperture Terminals (“VSATs”) to support the U.S. Army. The contract has been funded $194.9 million to date.

“We are pleased that we have the opportunity to provide this mission essential equipment to our government customers. We understand the critical importance of these Army units and our team is poised to execute these orders to support the rapid fielding,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

The Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network.

Source: Comtech Telecommunications Corp.
Date: Jul 9, 2020