Comtech Awarded $20.0 M Additional Funding from US Army

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its fourth quarter of fiscal 2020, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was awarded $20.0 million of additional funding on a previously announced $223.4 million contract to provide Very Small Aperture Terminals (“VSATs”) to support the U.S. Army. The contract has been funded $214.9 million to date.

“We are pleased that our government customers continue to trust Comtech to provide this mission essential equipment. 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: Aug 6, 2020