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Comtech Awarded $6.2 Million of Additional Funding from U.S. Army

MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 12, 2019-- February 12, 2019 -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that during its second quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech’s Government Solutions segment, received additional funding of $6.2 million on the previously announced three-year $123.6 million contract that has subsequently been increased to $124.2 million, 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), Very Small Aperture Terminals (VSATs). SNAP terminals provide quick and mobile satellite communications capabilities to personnel in the field. The contract has been funded $45.8 million to date.

“We are pleased that we have the opportunity to provide continued support and hardware to this prime contract in order to continue our support to the U.S. Army’s mission critical needs,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “These orders, through the Global Tactical Advanced Communication Systems (GTACS) contract, reemphasizes our partnership in supporting our warfighters.”

The Command & Control Technologies group is a leading provider of mission-critical, highly-mobile C4ISR solutions.

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.

Michael D. Porcelain, Senior Vice President and Chief Operating Officer