$CMTL (Comtech Telecommunications Corp.)

$CMTL {{ '2016-09-28T19:24:35+0000' | timeago}} • Announcement

Comtech EF Data, a subsidiary of $CMTL, said it appointed Magid Bengatta as sales director, Europe, Middle East and Africa. In this position, Bengatta will be responsible for managing current sales activities and customer relationships in the region.

$CMTL {{ '2017-10-12T19:37:05+0000' | timeago}} • Announcement

$CMTL's subsidiary Enterprise Technologies group received a contract renewal for a GPS-enabled application from a key Fortune 100 customer during its 1Q18. The contract value over the next twelve-months is estimated at $8.4MM.

$CMTL {{ '2017-10-10T16:35:17+0000' | timeago}} • Announcement

$CMTL's subsidiary Comtech Mobile Datacom Corp. received a firm fixed price $6.5MM contract from the Consortium Management Group (CMG) to support the U.S. Army Project Manager Mission Command and the Blue Force Tracking 2 program during its 1Q18.

$CMTL {{ '2017-09-27T21:38:27+0000' | timeago}} • Announcement

For FY18, $CMTL expects to generate revenues between $550MM and $575MM, and forecasts GAAP earnings per share in the range of $0.41 to $0.44. Full year depreciation expense is estimated to be in the $14MM-16MM range, and amortization of stock-based compensation between $9MM and $10MM. Adjusted EBITDA is expected to range between $68MM and $72MM.

$CMTL {{ '2017-09-27T21:28:49+0000' | timeago}} • Announcement

Earnings of communication solutions provider $CMTL grew sharply in 4Q17, supported by a marked decrease in expenses, even as sales dropped 3% to $148MM. Net income jumped to $7.3MM  or $0.31 per share from $2.7MM or $0.14 per share last year. Comtech achieved a company-wide book-to-bill ratio of 0.90 during the quarter.

$CMTL {{ '2017-09-25T21:25:33+0000' | timeago}} • Announcement

$CMTL's Command & Control Technologies group was awarded contract modifications totaling $4.2MM. Of this, $3MM was received in 4Q17 and $1.2MM was received in 1Q18. These contract modifications are part of the five-year BFT-1 sustainment support contract for the US Army.

$CMTL {{ '2017-09-05T16:34:28+0000' | timeago}} • Announcement

$CMTL's Orlando, Florida-based subsidiary Comtech Systems Inc. received an order totaling about $1.5MM to provide additional tactical troposcatter equipment to an international prime contractor during its 4Q17.

$CMTL {{ '2017-08-28T15:25:38+0000' | timeago}} • Announcement

Communication solutions provider $CMTL said that Command & Control Technologies, which is a part of its government solutions segment, has received a $8.6MM contract modification from the U.S. Army. The revision raises the total amount funded on the original order to $90.7MM from $82.1MM, and extends the performance period to July 2018.

$CMTL {{ '2017-08-08T16:25:23+0000' | timeago}} • Announcement

$CMTL's subsidiary Comtech Xicom Technology received $1.9MM of follow-on orders from a domestic integrator for Traveling Wave Tube Amplifiers for a U.S. Government Satellite Communications application during its 4Q17.

$CMTL {{ '2017-08-07T14:45:27+0000' | timeago}} • Announcement

In 4Q17, $CMTL's Enterprise Technologies group, which is part of its Commercial Solutions segment, received a $3.7MM order from a major US mobile network operator for its advanced location platform. The order is part of a multi-year development, deployment and support contract valued at more than $7MM.

$CMTL {{ '2017-08-03T17:38:32+0000' | timeago}} • Webcast

$CMTL unit Comtech PST Corp. has received orders worth about $4.1MM for solid-state, high-power RF amplifiers and control components from multiple domestic OEMs. The orders supplement an installed base of Comtech solid-state, high-power RF amplifiers and control components delivered earlier.

$CMTL {{ '2017-08-02T17:41:33+0000' | timeago}} • Announcement

$CMTL said that during 4Q17, its subsidiary, Comtech Xicom Technology, Inc. received an order for $7.5MM for Solid-State Power Amplifiers (SSPAs) to be used in an airborne, In-Flight Connectivity application. This order will be shipped in FY18.

$CMTL {{ '2017-08-01T17:58:49+0000' | timeago}} • Announcement

$CMTL said its Command & Control Technologies group received orders totaling $1.6MM to deliver advanced communication solutions for the City of Baltimore during its 4Q17. Under these orders, Comtech will continue to provide critical IT staffing and support to various agencies within the City of Baltimore.

$CMTL {{ '2017-07-31T16:11:47+0000' | timeago}} • Announcement

$CMTL's Command & Control Technologies group received a contract modification valued at $2.1MM from the U.S. Army Project Manager (PM) Warfighter Information Network- Tactical (WIN-T) during its 4Q17. The modification increases the total amount funded on this delivery order from $22.1MM to $24.2MM.

$CMTL {{ '2017-07-12T19:33:37+0000' | timeago}} • Announcement

$CMTL said its Command & Control Technologies group has been awarded orders totaling about $1.9MM by an international Space and Communications customer during its 4Q17.

$CMTL {{ '2017-07-06T16:53:56+0000' | timeago}} • Announcement

During 4Q17, $CMTL received approx $6.9MM in orders from Federal Government and Commercial Enterprise customers for its Cyber Security Training solutions, through its Command & Control Technologies group

$CMTL {{ '2017-07-05T16:07:06+0000' | timeago}} • Announcement

$CMTL said its Command & Control Technologies unit has received a $14.5MM contract modification from the Defense Information Systems Agency. The modification paves the way for Comtech to provide Ku satellite bandwidth and support services for the US Marine Corps' Tactical Satellite Communications Network, under an existing contract.

$CMTL {{ '2017-06-08T18:05:27+0000' | timeago}} • Webcast

$CMTL said the company continues to have opportunities in offshore oil platforms and also internationally, with various countries and their defense systems that require troposcatter system for their communications. Therefore, the company added that this market continues to be strong.

$CMTL {{ '2017-06-08T17:53:18+0000' | timeago}} • Webcast

$CMTL expects EBITDA for FY17 to be around 12%. Looking into 2018, the company expects to see the same quarter-to-quarter issue that it had in 2017 where there was a ramp up going from 1Q16 to 4Q16 and which has been the trend for the last couple of years. Therefore, $CMTL expect to have significant back end loaded nature for next year as well.

$CMTL {{ '2017-06-08T17:24:58+0000' | timeago}} • Webcast

$CMTL's Commercial Solutions segment net sales increased about 10.3% in 3Q17 to $79.4MM and benefited from an additional month of sale of the company's location and messaging based platforms and safety and security technology solutions. Government Solutions segment declined 7.3% to $48.4MM for the quarter.

$CMTL {{ '2017-06-07T21:45:35+0000' | timeago}} • Announcement

Based on the anticipated timing of shipments and performance related to orders currently in its backlog, together with anticipated new orders, $CMTL expects its consolidated net sales and Adjusted EBITDA in its 4Q17 to be the highest of any quarter in FY17.

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