Comtech Telecommunications Corp. Receives $51.1 Million Contract to Provide the Next Phase of a Telecommunications System for Use by an African Government
August 5, 2013 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
August 5, 2013--Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that in July its Orlando, Florida-based subsidiary,
Comtech Systems, Inc., received a $51.1 million contract from a domestic
prime contractor to design and furnish the next phase of a
telecommunications system for use in an African government's
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 four-year timeframe.
The Company also announced that it has received a $3.4 million order for
incremental funding on the current phase of the same project.
In commenting on this important award, Fred Kornberg, President and
Chief Executive Officer of Comtech Telecommunications Corp., stated, "We
are pleased to receive this contract for the next phase of this
important program. We look forward to working with this prime contractor
and the foreign end-customer on this and future opportunities."
Comtech Systems, Inc. (www.comtechsystems.com)
specializes in system design, integration, supply and commissioning of
turnkey communication systems including over-the-horizon microwave,
line-of-sight microwave and satellite.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company 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. The Company 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. The Company believes it is a market leader in the market
segments that it serves.
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.
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer 631-962-7000 firstname.lastname@example.org