Comtech Receives U S Army Contract with $544 Million Ceiling to Provide Communications and Engineering Support Services – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
Comtech (NASDAQ:CMTL) has announced a US Army contract with a maximum ceiling value of $544 million, sending its shares more than 8% higher in early Monday.
"It will provide commercial SATCOM subscription services, which include SATCOM coverage in different locations, terminals, bandwidth, training if required by the unit and help desk services," Paul Mehney, public communications director for Army PEO C3T, told Breaking Defense.
An Army tool is allowing tactical units to connect together at much faster rates across the world without the technical or bureaucratic hurdles that existed previously.