April 29, 2019– Comtech Telecommunications Corp. (“Comtech”) (Nasdaq:
CMTL), announced today that during its third quarter of fiscal 2019, it
was awarded a five-year contract valued in excess of $100.0 million to
develop, implement and operate a Comtech Next-Generation 911 emergency
communications system for a Northeastern State.
In connection with the contract award, Comtech also announced that it
has acquired the state and local government Next Generation 911
(“NG-911”) business from General Dynamics Information Technology, Inc.
(“GDIT”) and immediately hired approximately 60 GDIT employees. The
contract award, acquisition and hiring of talented employees are
expected to strengthen Comtech’s position in the growing Next Generation
911 solutions market.
Under this five-year contract award which begins on August 4, 2019,
Comtech will develop, implement and operate a secure, IP-based NG-911
system for a Northeastern State that permits emergency service requests
from their existing public networks through new and emerging modes of
communications and devices. Built on a secure cloud architecture, the
Comtech NG-911 system provides superior reliability, redundancy and
sustainability to accommodate emergency communications to this
Northeastern State. Comtech will perform similar services from April 29,
2019 through August 3, 2019.
Fred Kornberg, President and Chief Executive Officer of Comtech, said,
“As a leader in safety and security technologies, we are delighted that
this Northeastern State has chosen to work with Comtech, and we look
forward to partnering with them on this five-year contract and other
opportunities. With safety and security markets at growth inflection
points, we are excited about our acquisition of the NG-911 business and
our ability to expand the scale and breadth of our innovative
market-leading products and services to state and local government
public safety agencies.”
Comtech will provide financial and other information concerning this
contract award and the NG-911 acquisition during its regularly scheduled
conference call to review the results of its fiscal quarter ending April
30, 2019, the exact date and time of which will be announced in advance.
About Comtech
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. Comtech sells products to a diverse customer base in the
global commercial and government communications markets.
Forward-Looking Statements
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 Securities and Exchange Commission
(“SEC”) filings of Comtech Telecommunications Corp. identify many such
risks and uncertainties. The forward-looking information in this press
release could be affected by many factors including, without limitation:
the ability to successfully integrate operations and employees; the
ability to realize anticipated benefits and synergies of the
transaction; the potential impact of the announcement of the transaction
or consummation of the transaction on relationships, including with
employees, customers and competitors; the ability to retain key
personnel; the ability to achieve performance targets; changes in
financial markets, interest rates and foreign currency exchange rates;
and those additional risks and factors discussed in reports filed with
the SEC by Comtech Telecommunications Corp. from time to time, including
those discussed under the heading “Risk Factors” in its most recently
filed Annual Report on Form 10-K. We undertake no duty and have no
obligation to update any forward-looking statements contained herein.
PCMTL
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