Comtech Telecommunications Corp. Announces Contract Renewal of $2.1 Million with Fortune Global 500 Company
MELVILLE, N.Y.–(BUSINESS WIRE)– January 11, 2017–Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that during the Company’s second quarter of fiscal 2017, a $2.1 million contract with its Commercial Solutions segment has been renewed for a one year period. Under this contract, which was awarded from a Fortune Global 500 Company, Comtech provides various navigation and telematics solutions which are used in consumer vehicles.
“This contract renewal demonstrates Comtech’s strength and reputation in the telematics and navigation industry,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “This customer and our other OEM customers find tremendous value in our navigation data services which continue to meet emerging industry expectations for content while addressing consumer safety and security requirements.”
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.