MELVILLE, N.Y.--(BUSINESS WIRE)--May 4, 2016-- Comtech Telecommunications Corp. (Nasdaq:CMTL), today announced that its government solutions segment has received incremental funding in the amount of $5.8 million to further support its Secret Internet Protocol Router and Non-secure Internet Protocol Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) hardware and sustainment services delivery order.
To date, Comtech has received $40.5 million of funded orders against the $91.0 million contract ceiling. The U.S. Army Project Manager for the Warfighter Information Network - Tactical (PM WIN-T) Commercial Satellite Terminal Program is funding this procurement through the Army's GTACS contract vehicle.
“We are pleased that the U.S. Army has chosen to continue to fund further investments for our SNAP and VSAT hardware. The U.S. Army depends on having advanced communication solutions and we are pleased that they have chosen our cost-effective, easily deployable and reliable communications systems for their missions,” said Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp.
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. The Company believes it is a leader in most of the market segments that it serves.
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.