Comtech Telecommunications Corp. Awarded $11.4 Million Delivery Order for Satellite Earth Station Equipment

Rhea-AI Summary

Comtech Telecommunications Corp. (CMTL) announced an $11.4 million delivery order related to an IDIQ contract worth $58.8 million from the U.S. Naval Information Warfare Systems Command. This order is part of ongoing support for Comtech EF Data's SLM-5650B Satellite Modems, enhancing satellite communications for Navy platforms. To date, the company has received $42.1 million in funded orders under this contract. Comtech continues to focus on delivering high-performance satellite communications solutions across various sectors globally.

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• Awarded $11.4 million delivery order for U.S. Navy contract, totaling $42.1 million received to date.
• SLM-5650B Satellite Modems enhance performance for military applications.

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• None.

January 28, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal 2021, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech’s Commercial Solutions segment, was awarded an $11.4 million delivery order in support of a previously announced $58.8 million indefinite delivery/indefinite quantity (“IDIQ”) contract from the U.S. Naval Information Warfare Systems Command. Funded orders received to-date under this IDIQ contract now total $42.1 million.

The delivery order specified Comtech EF Data’s SLM-5650B Satellite Modems and firmware upgrades. The SLM-5650B Satellite Modem is Comtech EF Data’s latest generation modem product targeted for critical commercial backhaul, government and military applications. The SLM-5650B leverages the heritage and feature set of the SLM-5650A modem. The SLM-5650B supports backwards compatibility/interoperability for existing SLM-5650A networks while providing enhanced performance and an expanded feature set. The commercially available modems will support satellite communications and interoperability across the Navy’s platforms and shore sites.

“It is a privilege to have the continued opportunity to support the U.S. Navy’s satellite communications requirements with our latest generation solutions,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

Comtech EF Data Corp. is a leading supplier of communications equipment with a focus on satellite bandwidth efficiency and link optimization. The high-performance satellite communications ground equipment is deployed globally to support mission-critical and demanding applications for government, mobile backhaul, premium enterprise and mobility. Service providers, satellite operators, governments and commercial users wanting to optimize communications, increase throughput and delight customers, are leveraging the performance and flexibility of the Comtech brand. The solutions are facilitating fixed and mobile networks in 160+ countries and across every ocean. For more information, visit www.comtechefdata.com.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.

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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005135/en/

FAQ

What is the recent contract awarded to Comtech Telecommunications Corp. (CMTL)?

Comtech was awarded an $11.4 million delivery order under a $58.8 million IDIQ contract from the U.S. Navy.

How much funding has Comtech received under the U.S. Navy contract to date?

To date, Comtech has received $42.1 million in funded orders under the contract.

What is the significance of the SLM-5650B Satellite Modem for Comtech (CMTL)?

The SLM-5650B Satellite Modem supports enhanced military communication capabilities and is designed for critical applications.

When was the contract announcement made by Comtech Telecommunications Corp. (CMTL)?

The contract announcement was made on January 28, 2021.

Who is the CEO of Comtech Telecommunications Corp. (CMTL)?

Fred Kornberg is the Chairman and CEO of Comtech Telecommunications Corp.