Comtech Telecommunications Corp. Awarded $2.2 Million Orders for High-Power Amplifiers
By Business Wire News
By Business Wire News
March 2, 2015–Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that, during its third quarter of fiscal 2015, its New York-based subsidiary, Comtech PST Corp., received additional orders totaling approximately $2.2 million under a previously announced $6.0 million Purchase Agreement with a major domestic OEM to supply solid-state high-power amplifiers.
These amplifiers are key components in a complex Identification Friend or Foe (IFF) system used to interrogate aircraft to determine their friend or foe status. This order supplements an installed base of Comtech IFF solid-state high-power amplifiers previously delivered to this customer.
Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “We are pleased to have received these additional orders which once again reaffirms the quality and reliability of Comtech’s solid-state amplifier products as well as the continuation of our relationship with this premier supplier of IFF systems to both U.S. and international customers.”
Comtech PST Corp. (www.comtechpst.com) is a leading independent supplier of broadband, high-power, high performance RF microwave amplifiers for use in a broad spectrum of applications including defense, medical, satellite communications systems and instrumentation.
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 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