Comtech Telecommunications Corp. Receives $6.3 Million Add-On Contract to Provide Telecommunications Equipment for End Use by a North African Government
MELVILLE, N.Y.–(BUSINESS WIRE)– December 2, 2013–Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that itsOrlando, Florida-based subsidiary, Comtech Systems, Inc., received a $6.3 million add-on contract from a domestic prime contractor to furnish additional equipment in connection with the next phase of a telecommunications system for use in a North African government’s communications network. The Company previously announced, in August 2013, that it had received a $51.1 million contract for the same project.
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.
In commenting on this important award, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., stated, “Our long-standing leadership positions have firmly established Comtech as the choice for advanced communication solutions. We look forward to continuing to work 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, 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.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Source: Comtech Telecommunications Corp.
News Provided by Acquire Media