Comtech Telecommunications Corp. – CMTL – Receives $55.0 Million Contract
Comtech Telecommunications Corp. (Nasdaq: CMTL) announced that its Orlando, Florida-based subsidiary, Comtech Systems, Inc., has received a $55.0 million contract from a domestic prime contractor to design and furnish a telecommunications system for use in an African government’s communications network.
The system is comprised of both fixed and transportable transmission systems. Comtech’s performance on this contract, exclusive of the warranty period, is expected to occur over a three-year timeframe.
In commenting on this important award, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., stated, “Our long-standing leadership positions in both the troposcatter and satellite communications arenas have firmly established Comtech as the choice for this advanced communication solution. We look forward to working with this prime contractor and the foreign end-customer on this and future opportunities.”
Comtech Systems, Inc. specializes in system design, integration, supply and commissioning of turnkey communication systems including over-the-horizon microwave, line-of-sight microwave and satellite.
About Comtech Telecommunications Corp. – CMTL
Comtech Telecommunications Corp. (CMTL) designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. CMTL believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. CMTL conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Company sells products to a diverse customer base in the global commercial and government communications markets. CMTL believes it is a market leader in the market segments that it serves.
In October 2010, the Company acquired the wide area network optimization technology assets of Stampede Technologies, Inc. (Stampede).
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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