Comtech Secures Army Orders Worth $14.2M, Expands Footprint
Zacks Investment Research | May 30, 2018 10:59PM ET
Comtech Telecommunications Corp. (NASDAQ:CMTL) has announced that Command & Control Technologies group, part of its Government Solutions segment, procured orders totaling $14.2 million from the U.S. Army. The deal, received during third-quarter fiscal 2018, entails the company to provide satellite terminals and networking equipment.
The Command & Control Technologies group, which provides mission-critical, highly-mobile C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) solutions, also secured a contract from a major U.S. prime contractor during the quarter for the supply of multiple XY satellite tracking antennas to support a critical government program.
Furthermore, this manufacturer of innovative products, systems and services for communications solutions announced that during the quarter, Enterprise Technologies group, which is part of the company’s Commercial Solutions segment, received a professional services renewal agreement worth $1.6 million, from a leading automotive market provider for various location-based services. This reflects Comtech’s growing footprint in the automotive industry as well.
Comtech has created a niche market for highly secure wireless solutions to defend global security and improve public safety. The company continues to provide market-leading products for messaging, location and deployable wireless communications. It offers services to integrate networks, servers, gateways and intelligent peripherals, and provides transmission responses to the users.
Customers depend on Comtech’s commercial wireless applications, which are based on innovative mobile cloud computing services including text messaging, public safety solutions, hyper-local search, workforce tracking, social applications, and telematics and navigation.
Federal government agencies also depend on Comtech’s cyber security expertise, professional consulting services and highly secure deployable satellite solutions for mission-critical communications.
Comtech delivers competitive, reliable and secure solutions, whether be it for connecting people to life-saving emergency services, providing a highly secure link back to government agencies or connecting back to critical enterprise data.
With such order gains, Comtech has significantly outperformed the Original post
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