Comtech Awarded Foreign Military Sales Contract to support Ukraine’s War Efforts

Rhea-AI Summary

Comtech Telecommunications Corp. has secured a Foreign Military Sales (FMS) contract to supply Ukrainian forces with beyond line-of-sight communication terminals and system upgrades. This follows a prior donation of similar systems in March. Comtech's Troposcatter technology is intended to enhance secure communication for Ukrainian Special Forces in contested areas. The company has supported Ukraine's Ministry of Defense since 2017, positioning itself as a key provider in military communications. The contract underscores Comtech's capabilities in delivering rapid deployment of advanced communication solutions.

Positive

• Secured a Foreign Military Sales contract with Ukraine enhances revenue potential.
• Previous experience supplying communications solutions to the Ukrainian military since 2017 supports credibility.
• Donation of similar systems prior to the contract fosters goodwill and strengthens relationships.

Negative

• None.

Troposcatter equipment to enhance Ukrainian Special Forces Ability to Communicate

MELVILLE, N.Y.--(BUSINESS WIRE)-- September 21, 2022--Comtech (NASDAQ: CMTL) announced today that the Company has been awarded a Foreign Military Sales (FMS) Contract for the Ukrainian Government. The FMS contract is for beyond line-of-sight communications terminals and upgrades to the country’s existing systems. In March, Comtech donated identical systems to those now being purchased to the international effort to support the defense of Ukraine at the request of the Ukrainian government. These systems were requested by Ukrainian Special Forces to enhance their ability to rapidly deploy secure, resilient communication channels in contested environments.

Comtech has supported multiple communications upgrades and modernization initiatives for the Ukrainian Ministry of Defense since 2017. As a result, Comtech is well placed to provide systems that were previously certified for use by the Ukrainian military and can be fielded with training provided by Comtech and current operators. Comtech’s market-leading solutions coupled with our ability to speed deployment of these critical support capabilities made the Company the obvious choice for a contract award.

“Comtech’s Troposcatter Family of Systems (FOS) provides U.S. and International customers the benefit of transporting secure, resilient high-capacity IP data communications to the tactical edge,” said Doug Houston, President of Comtech Systems, Inc.

The Company’s feature-rich terminals can easily be linked with other Comtech tactical, mobile, and fixed systems to provide a robust, comprehensive Beyond Line-of-Sight communications solution that can be used to enhance the Ukrainian Military’s existing communications capabilities. Comtech’s solutions are ideal for Tactical Military, Disaster Recovery, and Emergency Communications Restoration applications anywhere in the world.

“Global militaries have relied on our Comtech Systems division to consistently provide robust communications solutions globally for over forty years and our new state-of-the-art radio-modem technology is a game changer in the marketplace,” said Comtech’s Chairman, President, and CEO Ken Peterman.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com.

Forward-Looking Statements

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.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920006259/en/

Investor Relations

Robert Samuels

631-962-7102

robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What is Comtech's recent contract with Ukraine about?

Comtech has been awarded a Foreign Military Sales contract to provide Ukraine with beyond line-of-sight communication terminals and system upgrades.

How does Comtech support Ukrainian Special Forces?

Comtech supplies Troposcatter communication systems that enhance secure and resilient communication capabilities for Ukrainian Special Forces.

When was the contract awarded to Comtech for Ukrainian forces?

The Foreign Military Sales contract was awarded on September 21, 2022.

What technology will Comtech provide under the FMS contract?

Comtech will provide beyond line-of-sight communication terminals and upgrades to existing systems.

What was Comtech's involvement in Ukraine before this contract?

In March, Comtech donated communication systems to support Ukraine's defense efforts.