Chief Executive Officer
Comtech Telecommunications Corp. Receives $35.4 Million Contract for Telecommunications Transmission Equipment for a North African Government
MELVILLE, N.Y., March 31, 2010 (GLOBE NEWSWIRE) — Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that Comtech Systems, Inc., its Florida-based subsidiary, received a $35.4 million contract from a domestic prime contractor to provide system design and telecommunications transmission equipment for use in a North African government’s communications network.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “We have worked with this end-customer for many years now and believe that this contract award is a significant validation of our expertise in designing and delivering mission critical communication systems.”
Mr. Kornberg added, “Our long-term commitment to investing in transmission technology has firmly established Comtech as the choice for this advanced communications solution. We look forward to working with this prime contractor and the foreign end-customer on this and future opportunities.”
Comtech Systems, Inc. (www.localhost/comtech) 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, mobile data communications and RF microwave amplifiers. 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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Comtech Telecommunications Corp.
Michael D. Porcelain, Senior Vice President
and Chief Financial Officer
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
News Provided by COMTEX