Movers and SHAKERS
Steady Drumbeat of Contract Awards Bodes Well
Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
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Awardmania. Over the past six weeks, Comtech has issued a flurry of press releases detailing a steady drumbeat of new and modified contract awards. The press released awards total some $46.4 million of additional revenue for Comtech. We believe the pace of business is an indicator of markets returning to a more normal operating environment and bodes well for the Company going forward.
Military & Federal Government. Comtech was awarded $9.2 million of additional funding from the U.S. Army for system refurbishments, services, and equipment for SIPR and NIPR ground satellite terminals and an additional $6.2 million as part of the BFT-1 sustainment support contract. For the Federal Government, the Company received a $6.5 million award for cyber training solutions ...
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