MELVILLE, N.Y.–(BUSINESS WIRE)–June 1, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its third quarter of financial year 2020, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was granted orders consisting of $1.6 million of additional funding on the previously announced three-year $124.2 million contract to supply continuing sustainment services to the AN/TSC-198A SNAP (Secret Internet Protocol Router (“SIPR”) and Non-classified Internet Protocol Router (“NIPR”) Access Point), and baseband equipment. SNAP terminals offer personnel in the area with mobile satellite communications and quick abilities. The contract was financed $88.6 million thus far.
“We are happy the U.S. Army has chosen to continue to finance the sustainment and technical refresh of the SNAP hardware. The U.S. Army is based on the sustainability of these advanced communication solutions and we are happy that they have chosen our reliable communications systems because of their missions,” explained Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp..
The Mission-Critical Technologies group is centered on ensuring that its customers are able to successfully execute their assignment, whether that’s conveying in an austere environment on land or in the sea, starting or tracking a satellite, or even protecting the cyber security posture of the network.
The Company sells products to a varied customer base in the commercial and government communications markets that are global.
Information in this press release includes statements that are forward-looking in character and involve certain risks and uncertainties. Actual outcomes could vary materially from such forward-looking information. The corporation’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.