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Comtech Receives $32.5 Million Order from the U.S. Army

MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 13, 2018-- August 13, 2018--Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that during its fourth quarter of fiscal 2018, its Command & Control Technologies group, which is part of Comtech’s Government Solutions segment, received new orders totaling $32.5 million from the U.S. Army PM Tactical Network to provide Manpack Satellite Terminals and networking equipment.

“We are pleased that we have the opportunity to provide this mission essential equipment to our customer. 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, President and Chief Executive Officer of Comtech Telecommunications Corp. “These orders, through the Global Tactical Advanced Communication Systems (GTACS) contract, reinforce 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 Financial Officer