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Comtech Telecommunications Corp. Awarded $3.0 Million QV-Band TWTA Contract for High Frequency Satcom Amplifiers

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Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a contract exceeding $3.0 million for QV-band traveling wave tube amplifiers from its subsidiary, Comtech Xicom Technology, Inc. This order supports a new high-speed satellite network, reinforcing Comtech's leadership in QV-band technology, which offers significant bandwidth for High Throughput Satellite applications. CEO Fred Kornberg expressed optimism about future growth opportunities, citing technical leadership in the satellite communication market. The firm manufactures a variety of power amplifiers for diverse military and commercial applications.

Positive
  • Awarded contract exceeding $3.0 million for QV-band TWTAs.
  • Strengthens market position in high-speed satellite communication.
  • Qv-band technology provides 4 GHz bandwidth for High Throughput Satellite applications.
  • Technical leadership in satellite communications indicates potential for future growth.
Negative
  • None.

May 13, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its Santa Clara, California-based subsidiary, Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, was awarded a contract valued at more than $3.0 million for QV-band traveling wave tube amplifiers (“TWTAs”) to support a new high-speed satellite network.

“We believe we are the market leader in deployed QV-band TWTAs, and this order further extends our market lead for this new frequency band, which delivers 4 GHz of bandwidth for High Throughput Satellite (“HTS”) applications,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “QV-band is the next frontier for satcom frequency bands because it enables new products and services at a lower cost per bit. Our strong technical leadership position fuels our optimism for future growth opportunities.”

Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, manufactures a wide variety of tube-based and solid-state power amplifiers for military and commercial satellite uplink applications. The product range encompasses power levels from 8 W to 3 kW, with frequency coverage in sub-bands within the 2 GHz to 52 GHz spectrum. Amplifiers are available for fixed and ground-based, shipboard and airborne mobile applications. Please visit www.xicomtech.com for more information.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 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. secure in May 2021?

Comtech Telecommunications Corp. secured a contract worth over $3.0 million for QV-band traveling wave tube amplifiers.

How does the new contract impact Comtech's market position?

The contract reinforces Comtech's market leadership in high-speed satellite communication technologies.

What is the significance of QV-band technology for Comtech?

QV-band technology delivers 4 GHz of bandwidth for High Throughput Satellite applications, enhancing service offerings.

What is the role of Comtech Xicom Technology in this contract?

Comtech Xicom Technology, a subsidiary of Comtech, is the manufacturer of the QV-band TWTAs specified in the contract.

What are the implications for investors regarding this contract?

The contract could indicate potential for revenue growth and increased market share for Comtech Telecommunications Corp.

Comtech Telecommunications

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