Kratos Completes Major Milestone in Build-Out of Advanced Space Radio Monitoring System for the Communications Regulatory Authority (CRA) of the State of Qatar

 

Successful Critical Design Review Accelerates Path to Production and Testing of System

SAN DIEGO, 
June 08, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has successfully completed the Critical Design Review (CDR) for the build out of the advanced space radio monitoring system for the 
Communications Regulatory Authority (CRA) of the 
State of Qatar.

Kratos is providing turnkey services from the design, installation, and integration of the advanced space radio monitoring system to help the CRA regulate and protect the satellite spectrum. As part of the contract, awarded in 2020, the scope of work includes implementing the core satellite technology and associated hardware and software.

The advanced space radio monitoring system includes a fixed site and mobile unit to monitor satellite downlinks to manage and protect the spectrum. The comprehensive system includes Kratos’ antennas, satellite monitoring and geolocation products, and an Unmanned Aerial Vehicle (UAV) spectrum analysis solution to detect and mitigate any potential interference events.

“The rapid rise in the number of wireless networks and devices increases the potential for unauthorized usage, interference, and illegal transmissions,” said  Bruno Dupas, President of Kratos’ operation in 
France. “We are designing and building this one-of-a-kind satellite radio monitoring station for the 
State of Qatar to support the delivery of reliable licensed satellite services and interference-free operations.”

Kratos is uniquely positioned to help government agencies protect the spectrum and has worked with numerous regulators across the globe to implement successful spectrum monitoring solutions. Kratos offers extensive turnkey capabilities and a range of advanced products that spans the full range of ground operations including networks, RF management, and Space Domain Awareness (SDA).

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Appoints Deanna Lund to Board of Directors

 

SAN DIEGO, 
June 03, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, is pleased to announce the appointment of  Deanna Hom Lund to the Company’s Board of Directors.

Ms. Lund has served as Kratos’ Executive Vice President and Chief Financial Officer since 
April 2009.  Ms. Lund was Kratos’ Senior Vice President and Chief Financial Officer from 
April 2004 to 
March 2009. Prior to joining Kratos,  Ms. Lund was the Vice President and Corporate Controller of 
Titan Corporation from 
July 1998 to 2004.  Ms. Lund was also Titan’s Corporate Controller from 
December 1996 to 
July 1998, and its Corporate Manager of Operations Analysis from 1993 to 1996. Prior to Titan,  Ms. Lund worked for 
Arthur Andersen, LLP.  Ms. Lund received her bachelor’s degree in Accounting from 
San Diego State University, magna cum laude, and is a Certified Public Accountant.

William Hoglund, the Chairman of the Board, said, “We are delighted that Deanna will be joining our Board. She is a strategic, engaging leader that brings a wealth of skills and experience in finance and corporate development. She will be an excellent addition to the Board as Kratos continues to execute its vision and strategy to be the go-to provider of affordable products, systems and solutions that are rapidly developed, demonstrated and fielded for the War Fighter.”

Upon the unanimous recommendation of the Board’s 
Nomination & Governance Committee, the Board of Directors also voted to increase the size of the Company’s Board to nine members, with  Ms. Lund filling one of the two vacancies. The Board of Directors expects to fill the second vacancy within the next 18 months when a suitable candidate is identified.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Appoints Deanna Lund to Board of Directors

 

SAN DIEGO, 
June 03, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, is pleased to announce the appointment of  Deanna Hom Lund to the Company’s Board of Directors.

Ms. Lund has served as Kratos’ Executive Vice President and Chief Financial Officer since 
April 2009.  Ms. Lund was Kratos’ Senior Vice President and Chief Financial Officer from 
April 2004 to 
March 2009. Prior to joining Kratos,  Ms. Lund was the Vice President and Corporate Controller of 
Titan Corporation from 
July 1998 to 2004.  Ms. Lund was also Titan’s Corporate Controller from 
December 1996 to 
July 1998, and its Corporate Manager of Operations Analysis from 1993 to 1996. Prior to Titan,  Ms. Lund worked for 
Arthur Andersen, LLP.  Ms. Lund received her bachelor’s degree in Accounting from 
San Diego State University, magna cum laude, and is a Certified Public Accountant.

William Hoglund, the Chairman of the Board, said, “We are delighted that Deanna will be joining our Board. She is a strategic, engaging leader that brings a wealth of skills and experience in finance and corporate development. She will be an excellent addition to the Board as Kratos continues to execute its vision and strategy to be the go-to provider of affordable products, systems and solutions that are rapidly developed, demonstrated and fielded for the War Fighter.”

Upon the unanimous recommendation of the Board’s 
Nomination & Governance Committee, the Board of Directors also voted to increase the size of the Company’s Board to nine members, with  Ms. Lund filling one of the two vacancies. The Board of Directors expects to fill the second vacancy within the next 18 months when a suitable candidate is identified.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Space SPACs in the SPAC Space

 

Less than a week ago, Virgin Galactic successfully completed its third spaceflight and the first-ever space travel from Spaceport America, NM. The developing business of space flight is literally rocketing forward. The industry includes shipping, retrieving, military, human transportation and recreational travel. But, other than Virgin Galactic, (SpaceX is privately held) how do investors get exposure to the exciting field?

Recently there has been a spate of SPAC acquisitions with companies involved in the space industry. The stocks don’t have a long track record, in fact, many are still on the merger launchpad,  but they are all literally shooting for the stars.

SPACs Merging With Space Related Companies

Here are a few examples of companies about to be merge with a SPAC that are capturing people’s attention along with investor’s capital. Rocket maker Astra Space announced on February 2nd their intent to merge with SPAC Holicity (HOL). Astra is the fastest privately-funded company to demonstrate orbital launch capability. In a press release, Holicity announced they expect the merger to close during the second quarter of 2021. Another company, Momentus, builds in-space infrastructure services. Momentus has plans to merge with Stable Road Capital (SRAC). The company has a team of aerospace, propulsion, and robotics engineers. One of its properties is a cost-effective and energy-efficient in-space transport system based on water plasma propulsion. Rocket Lab (RKLB), entered into a definitive agreement to merge with Vector Acquisition (VACQ) in a deal valued at $4.1b. Rocket Lab is based in Long Beach, CA. The company designs and manufactures the electron and neutron launch vehicles and Photon spacecraft platform. Redwire Space is merging with Genesis Park (GNPK) to bring itself public. The deal is expected to close before the end of the second quarter.

 

Take-Away

 A slew of start-up companies have been created with disruptive technologies that could lead the next generation of space travel. New “space stocks” are being brought to market by Special Purpose Acquisition Companies (SPACs). The SPAC method of taking the companies public allows them to avoid the IPO process yet enjoy access to capital and other benefits of being a publicly traded enterprise.      

 

Suggested Reading:

Lifecycle of a SPAC	Analysis of a SPAC

Regulation of a SPAC	Merger of a SPAC

 

Sources

https://www.space.com/astra-rocket-maker-goes-public

https://www.holicity.inc/

 

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Space SPACs in the SPAC Space

 

Less than a week ago, Virgin Galactic successfully completed its third spaceflight and the first-ever space travel from Spaceport America, NM. The developing business of space flight is literally rocketing forward. The industry includes shipping, retrieving, military, human transportation and recreational travel. But, other than Virgin Galactic, (SpaceX is privately held) how do investors get exposure to the exciting field?

Recently there has been a spate of SPAC acquisitions with companies involved in the space industry. The stocks don’t have a long track record, in fact, many are still on the merger launchpad,  but they are all literally shooting for the stars.

SPACs Merging With Space Related Companies

Here are a few examples of companies about to be merge with a SPAC that are capturing people’s attention along with investor’s capital. Rocket maker Astra Space announced on February 2nd their intent to merge with SPAC Holicity (HOL). Astra is the fastest privately-funded company to demonstrate orbital launch capability. In a press release, Holicity announced they expect the merger to close during the second quarter of 2021. Another company, Momentus, builds in-space infrastructure services. Momentus has plans to merge with Stable Road Capital (SRAC). The company has a team of aerospace, propulsion, and robotics engineers. One of its properties is a cost-effective and energy-efficient in-space transport system based on water plasma propulsion. Rocket Lab (RKLB), entered into a definitive agreement to merge with Vector Acquisition (VACQ) in a deal valued at $4.1b. Rocket Lab is based in Long Beach, CA. The company designs and manufactures the electron and neutron launch vehicles and Photon spacecraft platform. Redwire Space is merging with Genesis Park (GNPK) to bring itself public. The deal is expected to close before the end of the second quarter.

 

Take-Away

 A slew of start-up companies have been created with disruptive technologies that could lead the next generation of space travel. New “space stocks” are being brought to market by Special Purpose Acquisition Companies (SPACs). The SPAC method of taking the companies public allows them to avoid the IPO process yet enjoy access to capital and other benefits of being a publicly traded enterprise.      

 

Suggested Reading:

Lifecycle of a SPAC	Analysis of a SPAC

Regulation of a SPAC	Merger of a SPAC

 

Sources

https://www.space.com/astra-rocket-maker-goes-public

https://www.holicity.inc/

 

Stay up to date. Follow us:

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Comtech Telecommunications Corp. Awarded $3.0 Million QV-Band TWTA Contract for High Frequency Satcom Amplifiers

The Solution Will Support a New High-Speed Satellite Network

MELVILLE, N.Y.
–(BUSINESS WIRE)–May 13, 2021– 
May 13, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its 
Santa Clara, California-based subsidiary, 
Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, was awarded a contract valued at more than 
$3.0 million
 for QV-band traveling wave tube amplifiers (“TWTAs”) to support a new high-speed satellite network.

“We believe we are the market leader in deployed QV-band TWTAs, and this order further extends our market lead for this new frequency band, which delivers 4 GHz of bandwidth for High Throughput Satellite (“HTS”) applications,” said  Fred Kornberg , Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “QV-band is the next frontier for satcom frequency bands because it enables new products and services at a lower cost per bit. Our strong technical leadership position fuels our optimism for future growth opportunities.”

Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, manufactures a wide variety of tube-based and solid-state power amplifiers for military and commercial satellite uplink applications. The product range encompasses power levels from 8 W to 3 kW, with frequency coverage in sub-bands within the 2 GHz to 52 GHz spectrum. Amplifiers are available for fixed and ground-based, shipboard and airborne mobile applications. Please visit www.xicomtech.com for more information.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005209/en/

Product Media Contact: Eric Schmidt, Vice President, Sales

Comtech Xicom Technology, Inc.
408-391-6534
eric.schmidt@xicomtech.com

Corporate Contact: Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000
info@comtechtel.com

Source: 
Comtech Telecommunications Corp.

CoreCivic’s Third Annual ESG Report Shows Steadfast Commitment to Reducing Recidivism, Focus on Keeping People Safe and Front Line Resiliency Amid Pandemic

BRENTWOOD, Tenn., May 12, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) today released its 2020 Environmental, Social and Governance (ESG) Report detailing its steadfast response to the challenges of the COVID-19 pandemic. This is the third annual report issued by the Company since 2019.

The report illustrates how the company worked to keep people safe while finding innovative ways to carry out life changing programming that equips individuals to succeed after incarceration. It shows the resiliency of front line professionals who worked tirelessly to protect human life while adapting to safe alternatives to in-person reentry programming. It also highlights the Company’s progress in protecting the environment and promoting excellence in its corporate governance.

“Like any enterprise worth its salt, we change to get better,” said Damon Hininger, president and chief executive officer. “We believe in constantly striving to be a better company and to find ways to make the most difference for the people we care for and our country as a whole. I could not be more proud of our team of prepared, energetic and always-eager-to-improve reentry professionals who introduced safe and socially-distanced alternative programming while conforming to evidence-based best practices.”

The 40-page document’s release marks two years since the Company broke ground with the industry’s first ESG report. Previous reports documented substantial progress toward CoreCivic’s first-ever industry initiative to set and achieve five-year reentry goals, an effort that was completed in 2019. The 2020 report defines the Company’s continued commitment to evidence-based practices for reentry, informing future goals and enabling individualized interventions based on a person’s specific needs and their risk of future involvement in the justice system.

While CoreCivic was forced to temporarily suspend some in-person reentry services in 2020 due to COVID-19, limiting its ability to deliver programming at the level it normally would, the Company laid the groundwork for a new, more illuminating approach to reentry. The new approach will continue to set goals for program delivery, which will be disclosed in future reports. However, it will also measure and track performance tied to effective outcomes for individuals in the reentry process, rather than using program completion rates alone.

The report also outlines the Company’s pandemic response, illustrating how CoreCivic’s long-standing infectious disease management plans were adapted to the unique needs of the COVID-19 pandemic. The Company’s Emergency Operations Center (EOC) was activated early in the pandemic and continues to operate 24/7 with state-of-the-art software to track and monitor developments in real time. A special Coronavirus Response Committee (CRC) was also assembled, including the Company’s chief medical officer, to manage response efforts and ensure alignment with Centers for Disease Control and Prevention (CDC) guidance. The Company also continually evaluated and adapted supply chains to ensure adequate supply of personal protective equipment (PPE) companywide.

“While any loss of human life carries incalculable costs that millions of families around the world have felt during this crisis, I am grateful for the collective efforts of our facility leaders and staff who worked tirelessly to protect lives over the past year,” Hininger said. “From nurses and correctional officers to supply chain analysts, we put the right people in the right places, and their efforts were nothing short of heroic.”

The report cites findings by the U.S. Department of Justice’s Office of Inspector General (OIG) that contractor-operated U.S. Marshals Service facilities like those operated by CoreCivic were safer, more accountable and more responsive in mitigating risk from COVID-19 than publicly operated facilities.

Other topics covered in the report include:

• Development of 2021 human rights goals, which include implementation of a new human rights policy, facility-level risk assessments and delivery of training to more than 95% of employees
• Work to accelerate diversity, equity and inclusion (DEI) efforts, including the establishment of a DEI Council and Board-level DEI Committee, conscious inclusion training for leaders, and a comprehensive culture survey to gauge areas for improvement
• Environmental sustainability practices and goals, including smart water controls, LED retrofit projects and green design and operations techniques to reduce the Company’s carbon footprint
• Community support efforts, through which CoreCivic contributed more than $2.7 million to organizations working with formerly incarcerated people, victims of crime, underserved youth and those impacted by the pandemic
• Policy advocacy for state and federal legislation that removes barriers to reentry for justice-involved individuals and reduces recidivism. The Company successfully advocated for, among other measures, restoring Pell Grants, voting rights and expungement opportunities for formerly incarcerated people
• Advocating for the Federal Communications Commission (FCC) to have states cap intrastate Inmate Telephone Services rates to better enable families to stay in contact with incarcerated loved ones

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Wednesday, May 12, 2021

Vectrus (VEC)
Strong First Quarter Results

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

1Q21 Results. Vectrus’ 1Q21 revenue was $434 million, up 23% y-o-y, with organic growth of 4%. Adjusted EBITDA was $20.7 million, up from $14.7 million last year. Adjusted EBITDA margin increased 60 basis points to 4.8%. EPS was $1.02 compared to $0.74, while adjusted EPS was $1.20 in 1Q21 versus $0.82 last year. We had forecast revenue of $400 million, adjusted EBITDA of $19.3 million, and EPS of $0.89.


Winning Never Gets Old.  Vectrus continued to be award significant contracts during the first quarter. Significantly, a number of the contracts play into the Company’s converged infrastructure market leadership position. The contract wins continue to diversify Vectrus’ client base and geographical locations …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Comtech Telecommunications Corp. Awarded $9.8 Million Contract with Tier-One Mobile Network Operator

MELVILLE, N.Y.–(BUSINESS WIRE)–May 12, 2021– May 12, 2021– Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communication technologies, announced today, that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, has finalized a $9.8 million contract with a major tier-one mobile network operator. This contract is for a broad suite of new capabilities and services centered around virtualized applications and 5G products.

“We continue to mutually benefit from the relationship with this customer, and we are already planning additional enhancements for their applications and services,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “Our proven track record of long-term service to this customer creates stability and value for their end subscribers.”

The Location Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005290/en/

Media Contact:
Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000

info@comtechtel.com

Source: Comtech Telecommunications Corp.

Comtech Telecommunications Corp. Awarded $2.0 Million Contract for 500W Ka-band Gateway Amplifiers

MELVILLE, N.Y.–(BUSINESS WIRE)–May 11, 2021– 
May 11, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its 
Santa Clara, California-based subsidiary, 
Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, was awarded a 
$2.0 million order for state-of-the-art 500W Ka-band high power amplifiers supporting a leading high throughput satellite (“HTS”) customer.

The HTS market provides broadband internet service to geographic regions that are under-served by terrestrial networks. HTS systems are very high capacity, offering bandwidth and pricing competitive with more conventional terrestrial offerings, regardless of the customers’ location. These systems serve consumer, small business, enterprise and government customers.

“Reliable and affordable broadband internet service is essential in today’s world. People who live and work in rural areas have the same needs as urban users for a high-quality on-line experience. HTS networks are an ideal way for rural customers to stay connected,” said  Fred Kornberg , Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “Comtech’s 500W amplifiers are at the heart of HTS gateway earth stations. We have been supplying the HTS community with 500W Ka-band amplifiers since 2009, and they feature high linear power, superior phase noise, and offer great reliability.”

Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, manufactures a wide variety of tube-based and solid-state power amplifiers for military and commercial satellite uplink applications. The product range encompasses power levels from 8 W to 3 kW, with frequency coverage in sub-bands within the 2 GHz to 52 GHz spectrum. Amplifiers are available for fixed and ground-based, shipboard, and airborne mobile applications. Please visit www.xicomtech.com for more information.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210511005314/en/

Product Media Contact: Eric Schmidt, Vice President, Sales

Comtech Xicom Technology, Inc.
408-391-6534
Eric.schmidt@xicomtech.com

Corporate Contact: Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000
info@comtechtel.com

Source: 
Comtech Telecommunications Corp.

Tuesday, May 11, 2021

The GEO Group, Inc. (GEO)
Better-Than-Expected First Quarter Results

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

1Q21 Results. The GEO Group reported first quarter 2021 net income of $50.5 million, or $0.41 per diluted share, compared to $25.2 million, or $0.21 per diluted share, for the first quarter 2020. Total revenue for the first quarter 2021 was $576.4 million compared to $605.0 million in the same period last year. GEO reported adjusted net income of $34.1 million, or $0.28 per diluted share, compared to $28.8 million, or $0.24 per diluted share, for the first quarter 2020. We had projected revenue of $579 million and EPS of $0.20.


Favorable Cost Trends.  The quarter adjusted EPS beat was driven by favorable cost trends, especially in the Secure Services business, reflecting lower y-o-y populations. G&A as a percent of revenue fell to 8.41% from 8.89%, while operating costs as a percent of revenue dropped to…

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Comtech Telecommunication Corp. Awarded $3.0 Million Order for Maintenance of Downrange Tracking Stations

MELVILLE, N.Y.–(BUSINESS WIRE)–May 10, 2021– May 10, 2021– Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its Space & Component Technology Group, which is part of Comtech’s Government Solutions segment, was awarded a $3.0 million order from an overseas agency for ground station maintenance and support.

“We are pleased that our customer continues to place its faith in our Ground Stations Group for support and maintenance of their downrange tracking stations,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

For over 40 years, Comtech’s Space & Component Technology (“SCT”) division, located in Cypress, California, has specialized in the supply of high reliability microelectronics, supplying EEE parts for use in satellite, launch vehicle and manned space applications. Combining longstanding resources in Cypress, with new locations in Plano, Texas and Hampshire, United Kingdom, SCT also provides services encompassing all aspects of ground station life cycle management to include requirements definition and analysis, design, development and integration of turnkey systems from antenna to data processing, civil works and construction, station installation and verification, operations and maintenance, and decommissioning at end of life. A full line of satellite tracking antennas from 30cm to 13m, as well as RF feeds, radomes and carbon fiber reflectors, all for LEO, MEO and GEO orbits, are also supplied to customers worldwide. For more information, visit www.comtechspace.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. 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.

Media Contact:

Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000
info@comtechtel.com

Thursday, May 06, 2021

Kratos Defense & Security (KTOS)
Momentum Continues to Build, Raising Rating

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

1Q21 Results. Kratos 1Q21 results exceeded consensus expectations. Revenues came in at $194.2 million, adjusted EPS was $0.06, and adjusted EBITDA for the quarter was $18.1 million. We had forecast revenue of $190 million, adjusted EPS of $0.04, and $15.5 million of adjusted EBITDA. Consensus was at $190 million of revenue and adjusted EPS of $0.05.


Strong Unmanned Performance.  Unmanned Systems revenue jumped 33.1% to $55.9 million, primarily reflecting increases in target drone programs. Government Solutions revenue rose 9% to $138.3 million in the quarter, additional revenue from the ACS acquisition was partially offset by a reduction in training program revenue …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.