Comtech Telecommunications Corp. Awarded $11.8 Million in Contracts for Over-the-Horizon Microwave System Products
By Business Wire News
January 19, 2016– Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Orlando, Florida-based subsidiary, Comtech Systems, Inc., has been awarded contracts valued at $11.8 million for spare parts and system upgrades. This includes two orders totaling $11.3 million from its North African customer to provide spare parts and training in support of their troposcatter network previously delivered by Comtech.
Comtech Systems was selected for these projects due to the superior performance of its system, a long history as a world leader in troposcatter technology. The systems carry digital voice, video and data traffic.
In commenting on this award, Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp., said “Once again, Comtech Systems was chosen due to our superior performance and unmatched capability fielding and supporting high capacity troposcatter products and systems.”
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 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 leader in most of 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.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer