Comtech Telecommunications Corp. Announces Contract Renewal Worth Approximately $2.0 Million With a Fortune Global 500 Customer
November 2, 2016 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
November 2, 2016--Comtech Telecommunications Corp. (Nasdaq:
CMTL) announced today that during its first quarter of fiscal 2017, a
contract with its Commercial Solutions segment has been renewed for
approximately $2.0 million. Under this contract, Comtech provides
location data used in various in-vehicle navigation systems by a Fortune
Global 500 customer.
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp., said, "We are extremely pleased that our
customer has once again entrusted us to provide location data which are
utilized by end-users worldwide. Our leadership position in providing
accurate and reliable navigation solutions was the key to success in
receiving this contract renewal."
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.