Tuesday, April 30, 2019
Comtech Telecommunications (CMTL)
What Will the New Contract and Acquisition Mean?
Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Awarded New Contract. Comtech
announced yesterday that it has been awarded a five-year contract valued in
excess of $100 million to develop, implement, and operate a Next-Generation 911
emergency communications system for a Northeastern state. We believe the state
to be Massachusetts where General Dynamics had a major contract. - Acquires NG-911 Business. In
conjunction with the award, Comtech also announced the acquisition of the state
and local government NG-911 business from General Dynamics. Coming on the heels
of the Solacom acqui…
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