$CMTL (Comtech Telecommunications Corp.)

$CMTL {{ '2016-09-29T18:40:20+0000' | timeago}} • Announcement

$CMTL said in 4Q16, the Defense Information Systems Agency exercised its third year option to the company's TCS subsidiary to supply managed satellite services for the US Marine Corps. The third option year provides $14.4MM of funding and extends from August 1, 2016 through July 31, 2017. The customer has funded $58.4MM to date on this contract.

$CMTL {{ '2018-01-11T17:50:54+0000' | timeago}} • Announcement

$CMTL's subsidiary Comtech Systems received an order totaling about $1.7MM to provide troposcatter equipment to a prime contractor. This equipment includes a customized version of its Modular Transportable Transmission System troposcatter terminals to be used as part of an upcoming deployable communications network for an Asia Pacific military.

$CMTL {{ '2017-12-20T20:24:32+0000' | timeago}} • Announcement

$CMTL's subsidiary Comtech Systems received an additional $1.5MM contract during 2Q18 from the Brazilian Military for satellite spares to support an existing system.

$CMTL {{ '2017-12-19T17:24:51+0000' | timeago}} • Announcement

$CMTL's subsidiary Enterprise Technologies group received a maintenance renewal during its 2Q18 worth more than $2.3MM with a key Fortune 100 customer licensing various location-based services (LBS) platforms. This includes Comtech's Xypoint Gateway Mobile Location Center (GMLC) and Secure User Plane Location (SUPL) Server.

$CMTL {{ '2017-12-18T16:26:59+0000' | timeago}} • Announcement

$CMTL's Enterprise Technologies group received a professional services renewal agreement worth $1.4MM during 2Q18 from a leading automotive market provider for various navigation and telematics services.

$CMTL {{ '2017-12-13T20:35:58+0000' | timeago}} • Announcement

Communication products company $CMTL said its subsidiary Comtech Xicom has bagged a $9.4MM contract for supply of Solid-State Power Amplifiers. The system, designed for airborne in-flight connectivity applications, will enable high-speed satellite connectivity in the cabin.

$CMTL {{ '2017-12-06T21:49:13+0000' | timeago}} • Announcement

For FY18, $CMTL expects revenue to be approx. $550-575MM. The company is increasing its FY18 GAAP diluted EPS goal to a new range of $0.44-0.46. Net sales for 2Q18 are expected to be slightly higher than the level achieved in the most recent fiscal quarter but lower than 2Q17.

$CMTL {{ '2017-12-06T21:45:20+0000' | timeago}} • Announcement

$CMTL reported a net loss of $1.7MM or $0.07 per share in 1Q18 compared to a net loss of $2.4MM or $0.11 per share in 1Q17. 1Q18 results do not include the benefit of $2.5MM of BFT-1 intellectual property license fees that $CMTL earned in 1Q17 supporting the US Army's Blue Force Tracking Program. Net sales were $121.6MM versus $135.7MM last year.

$CMTL {{ '2017-11-28T22:14:37+0000' | timeago}} • Announcement

$CMTL said during 1Q18, its Command & Control Technologies group, which is part of the Government Solutions segment, received a contract from a major US space contractor to source and test space components in support of a critical NASA Program. This contract is valued in excess of $8MM and was initially funded in excess of $4MM.

$CMTL {{ '2017-11-07T11:44:59+0000' | timeago}} • Announcement

$CMTL announced that its California-based subsidiary, Comtech Xicom Technology, Inc., has received a production contract for more than $7.7MM from a US military integrator to supply high-power traveling wave tube amplifiers. This is the follow-on order for a multi-year airborne strategic military program.

$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.

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