COMTECH TELECOMMUNICATIONS CORP.

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Comtech Telecommunications Corp. Awarded $3.5 Million for Cyber Training

11/30/2021 | 09:25am EDT

November 30, 2021 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded $3.5 million for delivery orders under the five-year Indefinite Delivery Indefinite Quantity (“IDIQ”) contract renewal from the Federal Government for the Joint Cyber Analysis Course (“JCAC”) Training solutions. The IDIQ contract, which is valued at $125 million, has been funded $4.9 million to date.

“Comtech continues to provide cutting-edge cybersecurity training to the Department of Defense (“DoD”) warfighters,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “This award further validates our commitment to the U.S. government’s cybersecurity mission.”

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

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


ę Business Wire 2021
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Financials (USD)
Sales 2022 517 M - -
Net income 2022 -31,1 M - -
Net Debt 2022 - - -
P/E ratio 2022 -10,4x
Yield 2022 3,27%
Capitalization 324 M 324 M -
Capi. / Sales 2022 0,63x
Capi. / Sales 2023 0,56x
Nbr of Employees 2 038
Free-Float 61,7%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 12,22 $
Average target price 24,67 $
Spread / Average Target 102%
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Managers and Directors
Michael D. Porcelain President, Chief Executive Officer & Director
Michael A. Bondi Chief Financial Officer
Fred Kornberg Non-Executive Chairman
Maria Hedden Chief Operating Officer
Marcus Alston Chief Trade Compliance Officer
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