Comtech Telecommunications Corp. Awarded $4.2 Million in Cyber Training Orders

Rhea-AI Summary

On February 11, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) reported receiving $4.2 million in additional orders from the Federal Government for its Joint Cyber Analysis Course (JCAC) Training solutions. This contract extension adds a twelve-month option period and brings total funding to $69.8 million. Fred Kornberg, CEO, expressed satisfaction with the continued recognition of Comtech's Cyber Security Training solutions by the U.S. Government. The company specializes in advanced communications solutions for both commercial and government markets.

Positive

• $4.2 million additional orders from the Federal Government.
• Total funding for the contract now at $69.8 million.
• Extension of JCAC contract for an additional twelve-month period.

Negative

• Potential risks and uncertainties associated with forward-looking statements.

February 11, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal year 2021, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was awarded $4.2 million in additional orders from the Federal Government for its Joint Cyber Analysis Course (“JCAC”) Training solutions. The contract has been extended for an additional twelve-month option period and has been funded $69.8 million to date.

“We are pleased that the U.S. Government continues to recognize the value of our Cyber Security Training Solutions,” 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.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20210211005070/en/

FAQ

What contract did Comtech Telecommunications Corp. receive on February 11, 2021?

Comtech received $4.2 million in additional orders for its Joint Cyber Analysis Course (JCAC) Training solutions.

What is the total funding amount for Comtech's JCAC contract as of February 2021?

The total funding for the JCAC contract is $69.8 million.

How long is the extension period for the JCAC contract awarded to Comtech?

The JCAC contract has been extended for an additional twelve-month period.

What is Comtech Telecommunications Corp.'s stock symbol?

Comtech's stock symbol is CMTL.