Comtech Telecommunications is a global technology company focused on providing satellite and space communication technologies. They design, develop, produce, and market communication solutions, including high-reliability electronic components, satellite modems, and antenna systems. Comtech serves commercial and government customers, including NASA, ESA, the U.S. Department of Defense, and various players in the aerospace industry. Their technologies support satellite communication, ground station infrastructure, and mission-critical applications.
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Comtech’s stock closed at $21.40 a share on 2022-01-25, up 3.7% on a down day for the Nasdaq Composite.
Comtech paid Gilat Satellite Networks $70,000,000 after merger plans announced 2020-01-29 fell apart about nine months later.
Michael Porcelain was chief operating officer on 2021-12-09 when he reconfirmed Comtech’s target to achieve between $580,000,000 and $600,000,000 in net sales for fiscal 2022 ending 2021-07-31.
Comtech announced on 2021-10-04 that it would promote Michael Porcelain from chief operating officer to chief executive officer at the end of 2021.
Comtech agreed to make several management changes and announced on 2021-12-16 the appointment of an independent director mutually supported by Comtech and Outerbridge.
Comtech recorded $117,000,000 in net sales for the three months ended 2021-10-31 in its latest financial results, down 13% from $135,200,000 for the same period the prior year.
Comtech Telecommunications rejected a $790,000,000 offer to take over the company on 2022-01-25.
Michael Porcelain became a member of Comtech’s board on 2022-01-03 to fully replace long-serving CEO Fred Kornberg.
Comtech’s LPOD BUCs are designed to provide reliability in demanding marine environments including Cruise, Oil & Gas, and Merchant Shipping.
Comtech was awarded an order approximating $2,000,000 from Intellian during Comtech’s first quarter of fiscal 2022.
Comtech is expanding in the SSPA market by offering both Ku-Band and Ka-Band products for in-flight connectivity applications.
Comtech offers a portfolio of GaN-based products that provide RF amplification for high-speed satellite communications from ground-based and airborne terminals.
Comtech Telecommunications Corp. was awarded a follow-on order valued at $1,200,000 during its first quarter of fiscal 2022 for Ka-Band solid-state power amplifiers for an in-flight connectivity application.
Comtech Telecommunications Corp. received $4,600,000 of funding from the U.S. Army during the company’s first quarter of fiscal 2022 to provide ongoing system refurbishments, sustainment services, and baseband equipment.
Comtech Telecommunications Corp. was awarded a five-year single-award Indefinite Delivery Indefinite Quantity contract renewal from the Federal Government for Joint Cyber Analysis Course training solutions during Q1 of fiscal 2022.
The IDIQ contract renewal for Comtech Telecommunications Corp. includes Firm Fixed Price and Time and Materials delivery orders valued at approximately $125,000,000.
Comtech Telecommunications Corp. received and funded the first delivery order on the IDIQ contract for $1,400,000 to date.
Comtech Telecommunications Corp. (NASDAQ: CMTL) was awarded multiple contracts aggregating $6,300,000 during the fourth quarter of fiscal 2021 for 500-Watt Ka-band traveling wave tube amplifiers (TWTAs).
Comtech’s 500-Watt family of Ka-band TWTAs provides the power required for high-capacity satellite connections.
Comtech works with Ka-band HTS system integrators and satellite operators to provide power amplifier solutions.