Comtech Telecommunications Corp. Announces Contract Renewal of Approximately $8.4 Million with a Fortune 100 Customer
October 12 2017 - 1:00PM
Business Wire
October 12, 2017-- Comtech Telecommunications Corp.
(Nasdaq:CMTL) announced today that during its first quarter of
fiscal 2018, its Enterprise Technologies group, which is part of
Comtech’s Commercial Solutions segment, has received a contract
renewal for a GPS-enabled application from a key Fortune 100
customer. The contract value over the next twelve-months is
estimated at $8.4 million.
“This renewal by a Fortune 100 customer demonstrates our
continuing leadership in delivering powerful navigation solutions
that use our Location Studio™ platform,” said Fred Kornberg,
President and Chief Executive Officer of Comtech Telecommunications
Corp. “We are pleased to continue to support our Fortune 100
customer and believe we will continue to do so for many years
ahead.”
Comtech Telecommunications Corp. designs, develops, produces and
markets innovative products, systems and services for advanced
communications solutions. The Company sells products to a diverse
customer base in the global commercial and government
communications markets.
Certain information in this press release contains statements
that are forward-looking in nature and involve certain significant
risks and uncertainties. Actual results could differ materially
from such forward-looking information. The Company'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
described in such Securities and Exchange Commission filings.
PCMTL
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version on businesswire.com: http://www.businesswire.com/news/home/20171012006051/en/
Media:Michael D. Porcelain, Senior Vice President and Chief
Financial Officer631-962-7000info@comtechtel.com
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