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Comtech Telecommunications Cp - CMTL STOCK NEWS

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.

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Comtech (NASDAQ: CMTL) has been awarded a significant contract valued at approximately $30 million by the North Central Texas Emergency Communications District (NCT9-1-1). The contract spans a five-year base period with three additional two-year options. Comtech will deliver Next Generation 9-1-1 (NG9-1-1) services to modernize NCT9-1-1’s emergency infrastructure, enhancing call routing and handling capabilities. This partnership, extending over a decade, will benefit over two million people across 13 counties and five municipalities in the Dallas/Fort Worth Metroplex.

Comtech will provide NG9-1-1 sub-components such as Next Generation Core Services, Emergency Services Internet Protocol Network, and Call Aggregation to ensure a comprehensive migration to a new NG9-1-1 system, reinforcing its commitment to innovative public safety technologies.

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Comtech (NASDAQ: CMTL) announced its Q3 fiscal 2024 results and a new $222.0 million credit facility. The company reported its financial results in a letter to shareholders, accessible on their website and through the SEC. The new credit facility, effective June 17, 2024, includes a $162.0 million term loan and a $60.0 million revolver loan, with $187.0 million in expected borrowings at closing. The facility matures on July 31, 2028. Comtech will also host an earnings call today at 8:30AM ET, with a replay available for two weeks.

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Comtech (NASDAQ: CMTL) announced it will release its third-quarter fiscal 2024 results before the market opens on June 18, 2024. An earnings call will be held at 8:30 a.m. ET, featuring Interim CEO John Ratigan and CFO Michael Bondi, discussing financial results, operations, and business trends.

Additionally, Comtech disclosed securing a new $222.0 million credit facility to support its financial strategy. The webcast will be available on Comtech's investor relations website and can be accessed by phone with a provided conference ID. A replay will be available until July 2, 2024.

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Comtech (NASDAQ: CMTL) has secured a contract with the Commonwealth of Massachusetts to continue the operation and maintenance of the state's Next Generation 911 (NG911) system. The initial contract term is five years, starting on August 1, 2024, and ending on July 31, 2029, with an option to extend for another five years until July 31, 2034. The total potential value of the contract, including the extension, exceeds $250 million. Comtech has been partnering with Massachusetts since 2014, providing a secure, IP-based NG911 system. This system enhances emergency response capabilities using a reliable, cloud-based architecture.

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Comtech partners with Eutelsat OneWeb to deliver LEO connectivity services to Antarctica, achieving data rates of up to 120 Mbps. The trial showcases the advanced capabilities of Comtech's ELEVATE VSAT ground system, benefiting the scientific community in Antarctica.
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Comtech (CMTL) and Arizona Department of Administrations successfully complete statewide transition to Next Generation 911 services, enhancing emergency response capabilities and reliability in Arizona.
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Comtech (CMTL) appoints Jeff Robertson as President of Terrestrial and Wireless Networks segment, bringing extensive industry experience and successful track record. Robertson's leadership roles and achievements highlight his capability to drive growth and innovation within Comtech.
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Comtech (CMTL) announces its second quarter fiscal 2024 financial results in a letter to shareholders, with details available on its website. The earnings conference call will be held today, following a recent leadership transition.
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Comtech (CMTL) to Release Q2 Fiscal 2024 Results and Conduct Conference Call on March 18, 2024
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Comtech (CMTL) appoints John Ratigan as interim CEO, succeeding terminated Ken Peterman. Mark Quinlan named Chair of the Board. Ratigan brings extensive satellite technology experience and aims to continue delivering mission-critical solutions. The Board plans to search for a permanent CEO.
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Comtech Telecommunications Cp

Nasdaq:CMTL

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38.74M
26.36M
8.85%
51.21%
5.65%
Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
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