Comtech Telecommunications Corp. Awarded $3.5 Million for Cyber Training

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced receiving $3.5 million in delivery orders under a renewed five-year IDIQ contract from the Federal Government for the Joint Cyber Analysis Course training solutions. The total contract is valued at $125 million, with $4.9 million funded to date. CEO Fred Kornberg highlighted the company's commitment to supporting the Department of Defense in its cybersecurity mission. This award reinforces Comtech's position as a leader in providing advanced communications technologies.

Positive

• Awarded $3.5 million in delivery orders under a $125 million IDIQ contract.
• Total funding to date amounts to $4.9 million.
• Strengthens Comtech's partnership with the Department of Defense.

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• None.

MELVILLE, N.Y.--(BUSINESS WIRE)-- November 30, 2021 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded $3.5 million for delivery orders under the five-year Indefinite Delivery Indefinite Quantity (“IDIQ”) contract renewal from the Federal Government for the Joint Cyber Analysis Course (“JCAC”) Training solutions. The IDIQ contract, which is valued at $125 million, has been funded $4.9 million to date.

“Comtech continues to provide cutting-edge cybersecurity training to the Department of Defense (“DoD”) warfighters,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “This award further validates our commitment to the U.S. government’s cybersecurity mission.”

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications 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. 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/20211130005289/en/

Comtech Investor Relations:

631-962-7005

investors@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

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

Comtech was awarded $3.5 million under a renewed five-year IDIQ contract for the Joint Cyber Analysis Course training solutions.

How much is the total value of Comtech's IDIQ contract with the Federal Government?

The total value of the IDIQ contract is $125 million.

How much has been funded to date for Comtech's IDIQ contract?

To date, $4.9 million has been funded under the IDIQ contract.

Who is the CEO of Comtech Telecommunications Corp.?

The CEO of Comtech is Fred Kornberg.

What sector does Comtech Telecommunications Corp. serve?

Comtech serves both commercial and government customers, providing next-generation 911 emergency systems and secure communications technologies.