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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.

News

Comtech Selected by Innovation Canada to Join Exclusive Accelerated Growth Services Program

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Comtech (CMTL) joins Innovation Canada's Accelerated Growth Service (AGS) program, gaining access to financing, export opportunities, and a personalized team of government experts. The company's One Comtech transformation and strategic growth plans were recognized by the Canadian government, demonstrating trust and value. Comtech aims to deliver smart-enabled connectivity solutions and positive economic impacts across Canada, leveraging its expertise in satellite solutions and ground systems.
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Washington State Awards Comtech $48 Million Multi-Year Contract Extension for Next Generation 911 Services

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Comtech (NASDAQ: CMTL) has been awarded a $48 million contract extension by Washington State to continue providing Next Generation 911 (NG911) services over the next five years, with the option to extend through 2034. The initial contract was awarded in 2016, making Washington a national leader in NG911 services. Comtech's President and CEO, Ken Peterman, expressed the company's value of the partnership and their commitment to supporting Washington's public safety mission. The NG911 system has been credited with saving countless lives and providing more effective 911 services in Washington State.
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Comtech Receives Government Approval to Move Forward on $544 Million U.S. Army Contract

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Comtech (NASDAQ: CMTL) has received approval from the U.S. Army Contracting Command to move forward on a $544 million Global Field Service Representative (GFSR) contract. This contract will involve providing professional engineering services, as well as supplying and supporting satellite and terrestrial networking communications technologies for the Project Manager Tactical Network (PM TN) for the GFSR support program. The task order was awarded on Comtech’s existing contract with the U.S. Army, leveraging the ten-year, $5.1 billion Global Tactical Communications Systems (GTACS) II indefinite delivery/indefinite quantity (IDIQ) contract vehicle. Comtech was initially selected as one of multiple GTACS II IDIQ awardees in 2020, and this contract is designed to support the Program Executive Office Command, Control and Communications-Tactical (PEO C3T), and PM TN, providing rapid acquisition of a wide range of C3T hardware, software, engineering services, and logistics support services with an emphasis on tactical satellite communications.
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Comtech Announces $45 Million Strategic Investment and Exchange of Convertible Preferred Stock

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Comtech Telecommunications Corp. announced a $45.0 million investment by White Hat Capital Partners LP and funds affiliated with Magnetar, which strengthens the company's financial flexibility and supports its strategic initiatives in satellite ground station infrastructure and next-generation terrestrial and wireless solutions. The investment involves the exchange of all outstanding shares of Comtech’s existing convertible preferred stock for a new series of convertible preferred stock. The investment enhances Comtech's ability to capitalize on recent large contract awards and growing customer demand for its satellite communications technologies and next-generation terrestrial and wireless solutions. The investment terms include a conversion price of $7.99 per share for the preferred stock, a 9.00% dividend payable in kind, or a 7.75% dividend payable in cash at Comtech’s election, and an optional redemption date of October 31, 2028.
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CodeMettle Selected By Comtech to Provide Software Supporting U.S. Army EDIM Modems

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CodeMettle (Nasdaq: CMTL) to Support Comtech's U.S. Army Satellite Communications Modernization with EDIM Modems
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Comtech Announces Results for its First Quarter of Fiscal 2024 and Provides Second Quarter Fiscal 2024 Financial Targets

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Comtech (CMTL) reports a 2.1% sequential increase in consolidated net sales to $151.9 million for Q1 fiscal 2024. Consolidated operating income also rose by 86.2% to $2.1 million. Additionally, the company achieved a Q1 consolidated adjusted EBITDA of $18.4 million, equivalent to 12.1% of consolidated net sales. Comtech's first quarter fiscal 2024 shareholder letter and second quarter fiscal 2024 financial targets are available on the company's Investor Relations website. The company also plans to host an earnings conference call at 5:00PM ET today.
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Comtech Names Satellite and Defense Industry Leader John Ratigan as Chief Corporate Development Officer

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Comtech (NASDAQ: CMTL) appoints John Ratigan as Chief Corporate Development Officer, leveraging his extensive experience in the satellite communications and defense technology industry to drive strategic business priorities and expansion into new growth markets.
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Comtech to Report First Quarter Fiscal 2024 Results on December 7, 2023

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Comtech (NASDAQ: CMTL) will release its first quarter fiscal 2024 results on December 7, 2023, followed by a conference call with President and CEO Ken Peterman to discuss the Company’s operations and business trends. The call will be available via webcast or phone, with a replay option until December 21, 2023.
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Comtech Receives $20.0 Million Order from Spectra Group to Service Multiple NATO and European Regional Orders for Next Generation Troposcatter Systems

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Comtech (NASDAQ: CMTL) receives $20.0 million order from UK-based partners, Spectra Group, to service multiple and expected follow-on orders from undisclosed customers in the NATO and European regions for the Compact Over-the-Horizon Transportable Terminal (COMET) system. The feature-rich, network agnostic COMET system provides resilient, secure beyond-line-of-sight (BLOS) capabilities for challenging environments. Comtech's Troposcatter FoS, including the COMET systems, offer innovative BLOS capabilities for military and end users by scattering microwave radio signals off the upper layers of the troposphere.
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Stellant Closes Acquisition of Power Systems Technology Product Line from Comtech

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Stellant Systems, Inc. and Comtech have closed the sale of Comtech's Power Systems Technology product line, with Comtech receiving approximately $32.5 million in net cash proceeds. The funds were used to pay down outstanding debt on its existing Credit Facility.
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Comtech Telecommunications Cp

Nasdaq:CMTL

CMTL Rankings

#2765 Ranked by Market Cap
N/A Ranked by Dividends

CMTL Stock Data

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