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Comtech (CMTL) Unit Secures $5.5 Million Multi-Year Contract

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Comtech Telecommunications Corp. (CMTL - Free Report) recently announced that its Enterprise Technologies group, which is part of the Commercial Solutions segment, secured a strategic multi-year contract worth $5.5 million from an unnamed global telecommunications and media firm. Per the deal, Comtech will provide virtualized mobile device location platforms supporting various location-based services.

The Enterprise Technologies group offers networking solutions that provide precise device location, mapping and messaging solutions. The products are sold to mobile network operators, government agencies and leading enterprises across the globe. The contract reinforces the existing business relationship between the two companies and ensures a steady revenue stream for Comtech.

Earlier, the Command & Control Technologies group, part of Comtech’s Government Solutions segment, secured additional funding of $5.4 million on orders totaling $123.6 million from the U.S. Army. Per the deal received during first-quarter fiscal 2019, the company will provide satellite terminals and networking equipment.

The Command & Control Technologies group provides mission-critical, highly-mobile C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) solutions. To date, $38.9 million worth of the total contract value has been funded. With the deal, the company has strengthened its long-standing business relationship with the U.S. Army.  

Comtech has created a niche market for highly secure wireless solutions to defend global security and improve public safety. The company continues to provide market-leading products for messaging, location and deployable wireless communications. It offers services to integrate networks, servers, gateways and intelligent peripherals, and provides transmission responses to users.

Customers depend on Comtech’s commercial wireless applications, which are based on innovative mobile cloud computing services like text messaging, public safety solutions, hyper-local search, workforce tracking, social applications, and telematics and navigation. Federal government agencies also depend on Comtech’s cyber security expertise, professional consulting services and highly secure deployable satellite solutions for mission-critical communications.

Comtech operates in the Zacks Wireless Equipment industry. Other players in the industry include Juniper Networks, Inc. (JNPR - Free Report) , Harris Corporation (HRS - Free Report) and Nokia Corporation (NOK - Free Report) .

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