Comtech Telecommunications Corp. Receives US$ 12.0 Million Contract with Major Telecom Equipment Manufacturer
Melville, N.Y., April 26, 2016--Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its commercial solutions segment has signed a multi-year contract valued at approximately $12.0 million with a major telecom equipment manufacturer. Under the terms of the contract, the telecom equipment manufacturer, which also is a global distributor of Comtech's services, will support the continued roll out of Comtech’s solutions to several wireless operators across the globe, including a large-scale North American-based wireless operator
“Securing a contract in excess of $12.0 million with one of the world’s leading equipment manufacturers is a major milestone for our organization as it underpins the continued need for our solutions in the wireless operator segment,” said Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp. “This contract will support the continued roll out of services and allow us to distribute our solutions to wireless operators worldwide.”
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. The Company believes it is a leader in most of the market segments that it serves.
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