Welcome to our dedicated page for Comtech Telecommunications Cp news (Ticker: CMTL), a resource for investors and traders seeking the latest updates and insights on Comtech Telecommunications Cp stock.
Comtech Telecommunications Corp. (NASDAQ: CMTL) delivers mission-critical communication solutions for defense, public safety, and commercial markets. This news hub provides investors and industry professionals with timely updates on satellite innovations, next-generation emergency systems, and strategic developments across the company's operations.
Track comprehensive coverage of CMTL's advancements in secure satellite communications and terrestrial network modernization. Our curated collection includes official press releases, technology announcements, and market analyses relevant to both business segments: Satellite & Space Communications (high-power amplifiers, defense systems) and Terrestrial & Wireless Networks (NG911 infrastructure, emergency response solutions).
Key updates include earnings reports, government contract awards, product launches, and strategic partnerships. Stay informed about developments in troposcatter technology, public safety infrastructure projects, and defense communication system upgrades that position Comtech at the forefront of secure connectivity solutions.
Bookmark this page for direct access to verified information about CMTL's role in modernizing global communications. Check regularly for updates on innovations that support defense operations, enhance emergency response capabilities, and enable reliable commercial connectivity worldwide.
On January 19, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $2.9 million contract awarded to its Comtech Solacom Technologies division for providing the Guardian call handling solution to the Toronto Police Service. This contract is for the deployment of a Next Generation 911 (NG911) system at the largest 9-1-1 center in Canada, featuring 103 emergency call taking positions and 30 training positions, set to be operational by mid-2022. The Guardian system enhances call handling efficiency and supports future capabilities like Real Time Text.
On January 15, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced its participation in NobleCon17, Noble Capital Markets’ Seventeenth Annual Investor Conference. The event will be held virtually on January 19, 2021, at 1:30 PM EST, allowing Comtech management to present an overview of the company’s business opportunities. Attendance is free, with a video webcast available on Comtech’s website post-event. Comtech specializes in advanced communications solutions, serving diverse global commercial and government markets.
Comtech Telecommunications Corp. (NASDAQ: CMTL) will present at the Sidoti Virtual Investor Conference on January 14, 2021, at 9:15 AM ET. The management will discuss the company’s overview and explore business opportunities, conducting virtual one-on-one meetings with investors throughout the day. A webcast of the presentation will be accessible on Comtech's website, expected to be archived for a limited time. The company specializes in innovative communications solutions and serves a diverse customer base in global commercial and government markets.
On January 12, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a one-year renewal agreement worth $1.6 million with a tier-one U.S. mobile network operator for hosted location-based services platforms. This agreement, finalized in the second quarter of fiscal 2021, highlights Comtech's commitment to enhancing industry partnerships and developing innovative location technologies. The Location Technologies group specializes in delivering precise location, mapping, and messaging solutions to various sectors, including public safety and mobile network operations.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $2.7 million order from a major international oil and gas company for its Orlando-based subsidiary, Comtech Systems, Inc. This order involves providing the first over-the-horizon system for a floating liquefied natural gas facility, utilizing the advanced CS67PLUS radio/modem. CEO Fred Kornberg expressed satisfaction with the delivery of this technology, emphasizing ongoing collaboration with oil and gas clients on future projects. The company specializes in innovative communications solutions across commercial and government sectors.
Comtech Telecommunications Corp. (NASDAQ: CMTL) has extended its agreement to purchase UHP Networks, Inc. until February 28, 2021. UHP, a Canadian company, specializes in advanced satellite ground station technology and aims to transform the Very Small Aperture Terminal (VSAT) market. This acquisition, initially announced in November 2019, is expected to enhance Comtech's product offerings in the global communications sector. However, the announcement also highlights the presence of risks associated with forward-looking statements.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a follow-on contract worth $3.5 million to its New York-based subsidiary, Comtech PST Corp., for solid-state, high-power RF amplifiers. This contract, awarded during the company's second quarter of fiscal 2021, is with a major medical instrumentation provider and supports advanced cancer treatment technologies. CEO Fred Kornberg highlighted the company's strengths in delivering critical medical solutions. Comtech PST Corp. specializes in high-performance RF microwave amplifiers for diverse applications, including medical and defense.
Comtech Telecommunications Corp. (CMTL) reported strong first-quarter results for fiscal 2021, with net sales of $135.2 million and an Adjusted EBITDA of $14.3 million, exceeding expectations. The company's backlog reached $605.5 million, contributing to a revenue visibility of approximately $1.0 billion. However, the company faced significant acquisition expenses totaling $91.2 million, leading to a GAAP net loss of $85.8 million and a diluted EPS of $(3.39). Despite these challenges, Comtech expects fiscal 2021 net sales to be between $610 million and $630 million.
Comtech Telecommunications Corp. declared a $0.10 quarterly cash dividend per share, marking its 42nd consecutive dividend. The dividend is payable on February 19, 2021, to shareholders on record by January 20, 2021. Future dividends depend on compliance with financial covenants under the secured credit facility and Board approval. Comtech specializes in designing advanced communication solutions for both commercial and government sectors, showcasing a strong commitment to returning value to shareholders.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced $2.1 million in additional funding for Option Year 3 of contract GS03Q17DSC0002, increasing the total contract value to approximately $29.3 million. This contract supports the U.S. Army’s Project Manager Mission Command Blue Force Tracking program, with the performance period for Option Year 3 running from April 15, 2020, to April 14, 2021. Comtech's Mission-Critical Technologies group continues to deliver essential engineering services and satellite network operations, highlighting its commitment to U.S. Army support.
