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Stock Market & Financial Investment News

News Breaks
April 14, 2014
10:02 EDTCMTLComtech awarded contracts to support Blue Force tracking program
Comtech announced that its subsidiary, Comtech Mobile Datacom Corporation, has been awarded a three-year contract to continue to provide sustainment support for the U.S. Army's Force XXI Battle Command Brigade and Below - Blue Force Tracking program. In addition, the U.S. Army agreed to continue to license certain of Comtech's intellectual property pursuant to a separate contract. Under the new three-year BFT-1 sustainment contract, which has a not-to-exceed value of $38.2M, Comtech will provide engineering services and satellite network operations on a cost-plus-fixed-fee basis and program management services on a firm-fixed-price basis. The base performance period begins April 1 and ends March 31, 2015, and the contract provides for two twelve-month option periods exercisable by the U.S. Army. The total estimated value of the base year is $13.6M. Comtech also entered into a new BFT-1 IP contract with a potential value of $30M which enables the U.S. Army to continue to license certain of Comtech’s IP. The contract requires a $10M annual license fee for a base period beginning April 1 and ending March 31, 2015 with two twelve-month option periods exercisable by the U.S. Army. If the U.S. Army exercises the two option periods and pays an aggregate of $30M of annual license fees, the U.S. Army will receive a limited non-exclusive right to use Comtech's IP after March 31, 2017 for no additional IP license fee.
News For CMTL From The Last 14 Days
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October 21, 2014
13:00 EDTCMTLComtech awarded $2.3M advanced VSAT and Premium Services Order in Asia
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October 9, 2014
16:15 EDTCMTLComtech sees FY15 EPS $1.70-$1.86, consensus $1.79
Sees FY15 revenue $355M-$370M, consensus $361.67M. Sees FY15 adjusted EBITDA $63M-$67M.
16:14 EDTCMTLComtech reports Q4 EPS 48c, consensus 36c
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15:24 EDTCMTLNotable companies reporting after market close
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October 8, 2014
10:00 EDTCMTLComtech signs $6M purchase agreement for high-power amplifiers
Comtech Telecommunications announced that its New York-based subsidiary, Comtech PST Corp., signed a Purchase Agreement valued at $6M and received multiple orders pursuant to the Agreement totaling approximately $3.7M from a major domestic OEM to supply solid-state high-power amplifiers. The balance of orders under the agreement are expected to be received over the next fifteen months. These amplifiers are key components in a complex Identification Friend or Foe system used to interrogate aircraft to determine their friend or foe status. This order supplements an installed base of Comtech IFF solid-state high-power amplifiers previously delivered to this customer.

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