Comtech Telecommunications Corp. Awarded $2.6 Million in Orders for Cyber Training

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced an additional $2.6 million in orders during Q1 fiscal 2021 for its Joint Cyber Analysis Course (JCAC) Training solutions, part of a $68.0 million contract from the Federal Government, with $65.6 million funded to date. CEO Fred Kornberg indicated the importance of these awards in demonstrating the value of their offerings for cyber training. The Mission-Critical Technologies group focuses on enhancing communication capabilities in various environments and securing customer networks.

Positive

• Awarded an additional $2.6 million in orders from the Federal Government.
• Total contract value for JCAC Training solutions is now $68.0 million.
• CEO highlights strong customer recognition of product value.

Negative

• None.

MELVILLE, N.Y.--(BUSINESS WIRE)--December 4, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its first quarter of fiscal year 2021, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was awarded $2.6 million in additional orders from the Federal Government for its Joint Cyber Analysis Course (“JCAC”) Training solutions. The $68.0 million contract has been funded $65.6 million to date.

“We are pleased, as these most recent awards indicate, that our customers recognize the value of our products and services in training their cyber professionals. We look forward to continuing our relationship well into the future,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

The Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network.

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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