Comtech Telecommunications Corp. Announces Contract Renewal Worth Approximately $2.0 Million With A Fortune Global 500 Customer
November 2, 2016-- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that during its first quarter of fiscal 2017, a contract with its Commercial Solutions segment has been renewed for approximately $2.
November 2, 2016-- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that during its first quarter of fiscal 2017, a contract with its Commercial Solutions segment has been renewed for approximately $2.0 million. Under this contract, Comtech provides location data used in various in-vehicle navigation systems by a Fortune Global 500 customer. Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased that our customer has once again entrusted us to provide location data which are utilized by end-users worldwide. Our leadership position in providing accurate and reliable navigation solutions was the key to success in receiving this contract renewal." 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 View source version on businesswire.com: http://www.businesswire.com/news/home/20161102005968/en/