- Comtech Networking Solutions provide complete SLA (service level agreement) solutions to suit your business needs. Our technicians are fully qualified to implement new networks, or improve the functionality of your existing network.
- Comtech Global, Inc. At Comtech Global, we handle each project with a combination of business and technical knowledge, energy, team and commitment needed to make a project succeed. We deliver high quality, cost effective and world-class solutions for startups, non-profits and enterprise organizations.
ComTech Computer Services, based in Temple, TX, provides IT Solutions for businesses, specializing in network security, backup and disaster recovery offering an American based help desk to Businesses in Central Texas. Comtech Networking Solutions provide complete SLA (service level agreement) solutions to suit your business needs. Our technicians are fully qualified to implement new networks, or improve the functionality of your existing network.
| [February 09, 2021] |
February 9, 2021-- Comtech Telecommunications (News - Alert) Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal year 2021, its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, was awarded a contract valued up to $235.7 million to provide the U.S. Army with ongoing system refurbishments, sustainment services and baseband equipment. This effort will support the sustainment of the Army's AN/TSC-198 Secret Internet Protocol Router ('SIPR') and Non-secure Internet Protocol Router ('NIPR') Access Point (News - Alert) ('SNAP') family of ground satellite terminals, to include spare parts, repairs, upgrades, refurbishments, logistics and engineering services, and training.
The total contract value includes a base year award and three one-year option periods exercisable by the U.S. Army. The $57.9 million base year award ceiling has been initially funded $11.5 million by the U.S. Army, with additional funding expected to occur over the remainin base year performance period.
'Comtech is honored to remain the U.S. Army's trusted partner in providing refurbishments, sustainment services and baseband equipment. We are pleased that we have won this competitive solicitation, further reinforcing our legacy of supporting the U.S. Army,' said Fred Kornberg (News - Alert), Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.
Comtech Network Engineer
The Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network.
Comtech Telecommunications Corp. designs, develops, produces, and markets innovative products, systems, and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.
Comtech Network Systems Inc
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
PCMTL
View source version on businesswire.com: https://www.businesswire.com/news/home/20210209005286/en/
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Comtech Telecommunications Corp will pay $70 million to Gilat Satellite Networks as part of an agreement to terminate their merger pact and settle all pending litigation.
First announced on 29 January 2020, the $532.5 million merger agreement would have boosted Comtech’s presence in the inflight connectivity market, as Gilat has a growing profile in the sector, including in China.
But the COVID-19 crisis imperiled the merger effort.
In July, New York-headquartered Comtech filed a complaint in the Delaware Court of Chancery seeking a declaratory judgment that certain actions, if taken by Gilat, would breach the Israeli firm’s obligations under the merger agreement. The actions at issue in the complaint related to Comtech’s pending application for required regulatory approval in the Russian Federation.
The complaint also revealed that Comtech was assessing whether the precipitous decline in Gilat’s business gave rise to a material adverse effect.
The aviation industry has faced unprecedented challenges due to the COVID-19 crisis, and inflight connectivity stakeholders are not immune.
“While we both believed from the outset that the merger of these two great companies was a perfect marriage, the COVID-19 pandemic made the timing of the combination particularly challenging,” said Comtech chairman and CEO Fred Kornberg and Gilat chairman Dov Baharav in a joint statement.“We concluded, that under current conditions, the settlement is the best path forward for both companies and their respective stakeholders.”
The merger termination and the settlement agreement have been approved by each company’s board of directors and are effective immediately.
The settlement calls for dismissal of the litigation, with prejudice. The trial of the litigation which was scheduled to begin today in Delaware Court of Chancery was accordingly cancelled, said Comtech and Gilat.
Comtech lays claim to being “a market leader in the growing secure wireless communications market”. Gilat, which develops and sells VSAT satellite ground stations and related equipment, has made headway in IFC. Earlier this year, it revealed that its new electronically steered antenna for aero was successfully tested aboard Honeywell’s testbed aircraft.
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Image of Gilat aero ESA credited to Gilat