Comtech Telecommunications Corp. Awarded Order to Provide Rugged Baseband Equipment

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $2.0 million order to supply command and control modules to the U.S. Marine Corps as part of its Government Solutions segment during Q3 of fiscal 2021. This order enhances the company’s presence in military communications, positioning its rugged baseband products in critical operations. Comtech, based in Melville, New York, serves over 1,000 clients in more than 100 countries, focusing on secure wireless solutions. The press release also notes inherent risks in forward-looking statements as per SEC regulations.

Positive

• Awarded a $2.0 million contract with the U.S. Marine Corps.
• Strengthens Comtech's position in military communications.

Negative

• Forward-looking statements contain risks and uncertainties that may affect actual results.

May 19, 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 order worth approximately $2.0 million to provide the U.S. Marine Corps with command and control modules for Program Manager Light Armored Vehicles (“PM LAV”).

“This order places our rugged baseband products with the U.S. Marine Corps soldiers that need them,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210519005130/en/

FAQ

What is the recent contract awarded to Comtech Telecommunications Corp. for the U.S. Marine Corps?

Comtech Telecommunications Corp. was awarded a $2.0 million contract to provide command and control modules to the U.S. Marine Corps.

Which segment of Comtech Telecommunications Corp. received the recent contract?

The contract was awarded to the Government Solutions segment of Comtech Telecommunications Corp.

How much is the order received by Comtech Telecommunications Corp. from the U.S. Marine Corps?

The order is worth approximately $2.0 million.

When was the announcement made regarding the contract with the U.S. Marine Corps?

The announcement was made on May 19, 2021.