Comtech Telecommunications Corp. Awarded $2.7 Million Over-the-Horizon System CS67PLUS Troposcatter Radio/Modem Order from Major International Oil Company

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $2.7 million order from a major international oil and gas company for its Orlando-based subsidiary, Comtech Systems, Inc. This order involves providing the first over-the-horizon system for a floating liquefied natural gas facility, utilizing the advanced CS67PLUS radio/modem. CEO Fred Kornberg expressed satisfaction with the delivery of this technology, emphasizing ongoing collaboration with oil and gas clients on future projects. The company specializes in innovative communications solutions across commercial and government sectors.

Positive

• Award of $2.7 million order enhances revenue prospects.
• Delivery of advanced CS67PLUS radio/modem strengthens market position.
• Ongoing collaboration with oil and gas clients suggests potential for future contracts.

Negative

• None.

January 4, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal 2021, its Orlando, Florida-based subsidiary, Comtech Systems, Inc., which is part of Comtech’s Government Solutions segment, was awarded a $2.7 million order from a major international oil and gas company. Comtech is to provide the first over-the-horizon system for a floating liquefied natural gas facility (“FLNG”), utilizing Comtech Systems’ software-defined CS67PLUS radio/modem.

Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp., stated, “We are extremely pleased to deliver our CS67PLUS, the most advanced troposcatter radio/modem in the marketplace, as part of this advanced turnkey system. We look forward to continuing to work with our oil and gas customers on this and future opportunities.”

Comtech Systems, Inc. (www.comtechsystems.com) specializes in system design, integration, supply and commissioning of turnkey communication systems including over-the-horizon microwave, line-of-sight microwave and satellite.

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.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005182/en/

FAQ

What is the recent order announced by Comtech Telecommunications Corp.?

Comtech announced a $2.7 million order from a major international oil and gas company for an over-the-horizon system.

What technology will Comtech provide for the floating liquefied natural gas facility?

Comtech will provide its advanced CS67PLUS radio/modem.

Who is the CEO of Comtech Telecommunications Corp.?

The CEO is Fred Kornberg.

What segment does Comtech Systems, Inc. belong to?

It is part of Comtech's Government Solutions segment.

How does Comtech Telecommunications Corp. position itself in the market?

Comtech designs and markets innovative communications products and systems for commercial and government markets.