STOCK TITAN

Comtech Telecommunications Corp. Awarded $1.0 Million Contract for High-Power Amplifiers

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) has secured a $1.0 million contract for high-power amplifiers from a major domestic prime contractor during its fourth quarter of fiscal 2021. These amplifiers, employing advanced solid-state GaN transistor technology, are vital for data communication systems and expand Comtech's established base in this sector. CEO Fred Kornberg highlighted this award as evidence of the company's leadership in high-power communications technology, catering to both domestic and international markets.

Positive
  • Secured a $1.0 million contract for high-power amplifiers, indicating strong demand.
  • Utilizes advanced solid-state GaN transistor technology, enhancing product offerings.
  • Expands installed base with a major domestic prime contractor, reinforcing partnerships.
Negative
  • None.

August 10, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal 2021, it was awarded a $1.0 million contract for high-power amplifiers from a major domestic prime contractor.

These amplifiers, which utilize the latest in solid-state GaN transistor technology, are key transmit elements in a data communication system. They add to an installed base of Comtech solid-state high-power RF amplifiers previously delivered to this major domestic prime contractor.

“This contract demonstrates our continued leadership position in providing high-power communications technology and the ongoing demand for our solid-state high-power amplifiers utilized by major OEMs in both domestic and international markets,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

The contract was awarded to Comtech PST Corp. (www.comtechpst.com) which is a leading independent supplier of high-power, high performance RF microwave amplifiers and control components for use in a broad spectrum of applications including defense, medical, satellite communications systems and instrumentation.

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication 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 to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

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

FAQ

What contract did Comtech Telecommunications Corp. announce on August 10, 2021?

Comtech announced a $1.0 million contract for high-power amplifiers from a major domestic prime contractor.

What technology is used in the amplifiers mentioned in the Comtech press release?

The amplifiers utilize advanced solid-state GaN transistor technology.

How does the new contract affect Comtech's position in the market?

The contract reinforces Comtech's leadership position in high-power communications technology and demonstrates ongoing demand.

What is the significance of the contract awarded to Comtech for investors?

The contract signifies strong market demand and expanding partnerships, which may positively influence investor confidence.

What products are covered under the new contract for Comtech Telecommunications Corp.?

The contract covers high-power amplifiers that are key transmit elements in data communication systems.

Comtech Telecommunications

NASDAQ:CMTL

CMTL Rankings

CMTL Latest News

CMTL Stock Data

108.34M
26.18M
8.92%
55.11%
3.01%
Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
CHANDLER