Europe, Middle East and Africa Markets
Comtech (NASDAQ: CMTL) (“the Company”) today announced its second quarter fiscal 2024 financial results. Highlights of the results include:
• Consolidated net sales increased slightly year-over-year to US$ 134.2 million, compared to US$ 133.7 million in the second quarter of fiscal 2023. This represents a sequential decline from $151.9 million in the first quarter of fiscal 2024.
• Gross margin was 32.2%, compared to 31.5% in the first quarter of fiscal 2024 and 34.3% in the second quarter of fiscal 2023.
MarketBrief Report on Trends in the Ground Systems Market sponsored by Orbital Connect
In recent years the satellite industry has undergone a profound change–and one that is still continuing. High Throughput Satellites (HTS) have been joined by Very- and Ultra-High Throughput Satellites (VHTS and UHTS), and more recently by software defined satellites. Thousands of Non-Geostationary Orbit (NGSO) satellites are in operation. At the same time, new applications are constantly emerging. In-orbit Servicing (IoS) is a reality and Space Situational Awareness (SSA) is becoming a necessity, the Internet-of-Things (IoT) extends its reach on a daily basis.
J.F. Lehman & Company (JFLCO), a middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is announced that an investment affiliate has acquired Mission Microwave Technologies, LLC.
