LONDON, UK / ACCESSWIRE / October 17, 2017 / Pro-Trader Daily looks at the latest corporate events and news making the headlines Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=CMTL. The Company announced on October 13, 2107, that its Enterprise Technologies group, which is a part of its Commercial Solutions segment has received an important order from a leading Canadian communications service provider. The order worth $1.8 million is for mobile positioning services related to Comtech's 9-1-1 emergency services. It would be completed during the first quarter of fiscal 2018. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Increasing Need for 9-1-1 Type Solutions

Fred Kornberg, President and Chief Executive Officer of Comtech, shared that his team is pleased to extend its work with the Canadian mobile service provider to deliver highly accurate and secure location-based services. This would help their client meet its public safety needs. In fact, the order re-affirms Comtech's belief that international customers increasingly need 9-1-1 type solutions featuring reliable functionality and precision that help preserve life.

Comtech, which designs, develops, produces and markets innovative products, systems, and services for advanced communications solutions, has been selling products to a diverse customer base in the global commercial and government communications markets. There have been some important additions to the Company's order pipeline for the first quarter of fiscal 2018 in the past couple of days. The latest ones include:

  • Contract Renewal Worth $8.4 Million with Fortune 100 Customer

On October 12, 2017, Comtech announced that its Enterprise Technologies group has received a contract for renewal of its GPS-enabled application from an important Fortune 100 customer in its first quarter of fiscal 2018. It is anticipated that the value of the contract over next twelve-months would be around $8.4 million.

In this regard, Fred Kornberg stated that the renewal by the Fortune 100 company validates Comtech's continuing leadership in delivering powerful navigation solutions leveraging its Location Studio? platform. He was thrilled that Comtech would continue its support to its Fortune 100 customer and believes it will continue to do so in the future as well.

  • A $6.5 Million Contract for Supporting the BFT-2 Program

On October 10, 2017, Comtech declared that its Government Solutions segment's Command and Control Technologies group through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded a Firm Fixed Price (FFP) $6.5 million contract from the Consortium Management Group (CMG) to support the US Army Project Manager Mission Command (PM MC) and the Blue Force Tracking 2 (BFT2) program.

The BFT2 is the second-generation Army system which offers Situational Awareness (SA) and Command & Control (C2) messaging to US Military platforms and to Coalition Forces designated by the US Combatant Commands. It basically uses GPS for Positioning, Navigation, and network timing, and commercial satellites (L-Band) to exchange both SA and C2 messages between the platforms.

The Phase-1 execution of this contract, which covers a total value of $1.2 million, include sporting additional waveforms onto the current BFT2 transceiver to allow it to be used in austere operational environments. However, the final objective requires the ability to quickly change to different waveforms, depending upon changing operational environments as well as requirements. On the other hand, the total value for Phase-2 and Phase-3 execution is $5.3 million. It is estimated that the $6.5 million contract would be completed within seventeen months.

Last Close Stock Review

On Monday, October 16, 2017, the stock closed the trading session at $21.83, slipping 1.24% from its previous closing price of $22.11. A total volume of 215.25 thousand shares have exchanged hands. Comtech Telecommunications' stock price skyrocketed 17.52% in the last three months, 61.74% in the past six months, and 103.12% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 84.26%. The stock is trading at a PE ratio of 32.49 and has a dividend yield of 1.83%. At Monday's closing price, the stock's net capitalization stands at $520.11 million.

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