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Stock Market & Financial Investment News

News Breaks
February 11, 2013
10:01 EDTHRS, CMTLComtech awarded $6.5M buying agreement from Harris
Comtech (CMTL) announced that its subsidiary, Comtech EF Data, was awarded a $6.5M buying agreement from Harris (HRS). Under the buying agreement, Harris will purchase Comtech EF Data ground equipment to support the satellite network upgrade of the Federal Aviation Administration's Alaskan Satellite Telecommunications Infrastructure program. The not to exceed $6.5M buying agreement encompasses a range of Comtech EF Data ground equipment, including the CDM-625 Advanced Satellite Modem with DoubleTalk Carrier-in-Carrier, redundancy switches, and RF products for indoor and outdoor environments.
News For CMTL;HRS From The Last 14 Days
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December 15, 2014
16:26 EDTHRSHarris receives $38M order from Australian Department of Defence
Harris has received a $38M order to deliver Falcon III tactical radios that will provide Australia’s armed forces with reliable and secure Type-1 tactical voice and data communications. The order was awarded by the Defence Materiel Organisation of the Australian Department of Defence to support project JP2097. This project delivers enhancements to Networked Communications to meet Special Operations Command Land Mobility and Command, Control and Communications requirements. The Australian Department of Defence is acquiring AN/PRC-152A handheld and AN/PRC-117G manpack radios to provide its forces with wideband tactical networking capabilities, as well as line-of-sight, ground-to-air and tactical satellite communications. The wideband network enables operators to send and receive tactical voice, video, and data, resulting in enhanced situational awareness and real-time intelligence. In addition, the AN/PRC-152A and AN/PRC-117G provide users with interoperability through legacy narrowband waveforms.
December 10, 2014
16:22 EDTCMTLComtech backs FY15 EPS view of $1.70-$1.86, consensus $1.79
Narrows FY15 revenue guidance to $355M-$365M, consensus $359.67M.
16:20 EDTCMTLComtech reports Q1 EPS 34c, consensus 29c
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09:01 EDTHRSHarris awarded three-year $20M NOAA contract
Harris Corporation has been awarded a three-year, $20M contract by the National Oceanic and Atmospheric Administration, or NOAA, for the Geostationary Weather Satellite Antenna System program. The contract was awarded in the first quarter of Harris fiscal year 2015. Harris will provide its new WxConnect products that receive and process satellite weather observations from the NOAA Geostationary Operational Environmental Satellite R-Series Rebroadcast and Japanese HimawariCast services. These products will be deployed at eight National Weather Service locations to support a broad range of mission critical forecasting operations.
December 9, 2014
16:33 EDTCMTLComtech ends strategic review, decides to remain independent
Comtech Telecommunications announced that its board of directors has completed a review of strategic alternatives with the assistance of its financial advisor, Citibank, its legal counsel, Proskauer Rose, and its special counsel, Morris, Nichols, Arsht & Tunnell. After considering various strategic alternatives to enhance shareholder value, including a possible merger or sale of the company, the board has determined that the interests of the company and its shareholders will be best served by the company remaining independent. Comtech Chairman and CEO, Fred Kornberg, stated: “At the end of a thorough and rigorous process, our Board concluded that the company is best positioned to maximize shareholder value by continuing to execute on its strategies of enhancing its leadership positions in the markets we serve, participating in emerging technologies that enhance or expand our product portfolio, carefully pursuing acquisitions of businesses and technologies, and returning cash to our shareholders.”
December 8, 2014
13:00 EDTCMTLComtech receives $3.5M order for SATCOM equipment
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10:12 EDTCMTLComtech receives $7.4M in additional orders relating to satellite system project
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December 4, 2014
13:00 EDTCMTLComtech awarded $5M in additional orders relating to N African contracts
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