Comtech Telecommunications Corp. Awarded $1.1 Million Contract for High-Power Amplifiers

Rhea-AI Summary

On July 27, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $1.1 million contract awarded to its subsidiary, Comtech PST Corp., for solid-state high-power amplifier systems. This contract, related to a major domestic prime contractor, builds on an extensive installed base of Comtech amplifiers. Fred Kornberg, CEO, noted the ongoing demand for their technology in both domestic and international markets. Comtech is focused on providing next-generation emergency systems and secure communications, serving over 100 countries.

Positive

• Awarded a $1.1 million contract for high-power amplifier systems, indicating demand for products.
• Strengthens existing relationship with a major domestic prime contractor.

Negative

• None.

July 27, 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, its New York-based subsidiary, Comtech PST Corp., which is part of Comtech’s Government Solutions segment, was awarded a $1.1 million contract for solid-state high-power amplifier systems from a major domestic prime contractor.

These highly integrated amplifiers are essential transmit and receive elements in a complex 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 follow-on contract demonstrates our continued leadership position in providing integrated high-power transmit and receive 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.

Comtech PST Corp. (www.comtechpst.com) 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005379/en/

FAQ

What is the value of the contract awarded to Comtech Telecommunications Corp.?

The contract awarded to Comtech is valued at $1.1 million.

When was the contract announced for Comtech's high-power amplifier systems?

The contract was announced on July 27, 2021.

Which segment of Comtech Telecommunications Corp. secured the contract?

The contract was secured by Comtech PST Corp., part of the Government Solutions segment.

Who is the CEO of Comtech Telecommunications Corp.?

The CEO of Comtech Telecommunications Corp. is Fred Kornberg.

What type of technology does Comtech provide?

Comtech provides next-generation emergency systems and secure wireless communication technologies.