Comtech Telecommunications Corp. Awarded $6.5 Million of Funding for Cyber Training Solutions

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced an additional $6.5 million in funding from the Federal Government for its Joint Cyber Analysis Course (JCAC) Training solutions during Q3 of fiscal 2021. This brings total funding to $76.3 million to date. CEO Fred Kornberg highlighted the Government's ongoing confidence in Comtech's cyber products and training, emphasizing the importance of preparing DoD personnel for modern cyber challenges.

Positive

• Awarded additional $6.5 million funding from the Federal Government for JCAC Training.
• Total funding for the program reaches $76.3 million.

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• None.

May 4, 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 Government Solutions segment was awarded an additional $6.5 million of funding from the Federal Government for its Joint Cyber Analysis Course (“JCAC”) Training solutions. The contract has been funded $76.3 million to date.

“Our Cyber Training team continues to provide dynamic, high-quality Cyber Security training to the DoD,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “This funding demonstrates the Government’s continued confidence in Comtech’s cyber products and services, as well as in preparing DoD personnel for cyber challenges today and beyond.”

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.

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