Comtech Secures U.S. Navy Contract: Will the Stock Gain?

Comtech Telecommunications Corporation (CMTL) recently announced that it has secured a sole source contract from the U.S. Navy Information Warfare Systems Command. Per the contract valued at $50 million, CMTL will deliver SLM-5650B satellite communications modems, upgrade kits, firmware options, and technical support over the next four years. In addition, the company also recently secured a significant contract with SES Space & Defense for SLM 5650B and other advanced modems for use in sovereign connectivit ...