Articles from Comtech Telecommunications Corp.

March 3, 2025-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced an amendment to its senior secured credit agreement that cures the covenant breaches as of January 31, 2025, that the Company had disclosed it anticipated in its earnings release, 10Q and conference call on January 13, 2025. The agreement also provides for improved financial flexibility with the suspension of the fixed charge coverage ratio and the net leverage ratio covenants in the senior secured credit agreement such that the next test will be for the quarter ending on October 31, 2025. Furthermore, the agreement reduces the interest rate on the senior secured loans.

February 26, 2025-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced the launch of the Company’s new ELEVATE 2.0 multi-orbit satellite communications (“SATCOM”) platform.

February 18, 2025-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced that the Comtech Board of Directors (the “Board”) has appointed David (Dave) B. Kagan as an independent director to the Board, effective February 13, 2025.

February 13, 2025-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced the launch of the Company’s new multipath radio (“MPR”) platform. As the first-ever terrestrial high data rate over-the-horizon integrated radio of its kind, MPR will empower first responders, warfighters, and commercial operators with new high data rate communications capabilities on a single antenna agnostic platform.

January 13, 2025-- Comtech Telecommunications Corp. (NASDAQCMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its first fiscal quarter ended October 31, 2024. In addition, Comtech separately announced today that its Board of Directors (the "Board") has named Ken Traub as President and Chief Executive Officer, effective immediately, in addition to his current role as Chairman, and that the Board and management team are undertaking a series of prompt and decisive actions to address the Company's current challenges and build a stronger company for long-term. That press release can be found on the Company’s investor relations website.

Jan. 13, 2025-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced that its Board of Directors (the “Board”) has named Ken Traub as President and Chief Executive Officer, replacing John Ratigan effective immediately. Mr. Traub joined the Comtech Board on October 31, 2024 and became Executive Chairman on November 27, 2024.

Jan. 10, 2025-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”) today announced that it plans to release its first quarter fiscal 2025 results before the market opens on Monday, January 13, 2025.

December 23, 2024-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global technology leader, received a letter (the “Letter”) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is not in compliance with periodic requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because the Company’s Quarterly Report on Form 10-Q for the period ended October 31, 2024 (the “Report”) was not filed with the Securities and Exchange Commission (the “SEC”) by the required extended due date of December 16, 2024. This Letter received from Nasdaq has no immediate effect on the listing or trading of the Company’s shares.

Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global technology leader, today announced that its Board of Directors (the “Board”) has unanimously elected Kenneth (Ken) H. Traub as the Executive Chairman of the Company. Mark Quinlan has stepped down from his role as Chairman of the Board and will continue serving on the Board. In addition to Mr. Traub's role in chairing the Board, he will be the senior executive leading the Company. John Ratigan, Comtech's President and CEO, will report directly to Mr. Traub and they will be working closely together. In addition, former U.S. Army Chief Information Officer, Lieutenant General (Retired) Bruce T. Crawford, has been elected to serve as Lead Independent Director.

November 26, 2024-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global technology leader, today released its Fiscal Year 2024 (“FY24”) Corporate Social Responsibility (“CSR”) Report. The report highlights the Company’s progress in environmental impact, workforce development, community investment, and more.

November 19, 2024-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global technology leader, announced today the appointment of Daniel Gizinski as President of the Company’s Satellite & Space Communications (“S&S”) segment. With extensive industry leadership experience and a collaborative, hands-on approach to solving customer challenges, Gizinski will play a central role in advancing Comtech’s S&S strategy, including its expanding portfolio of next-generation satellite solutions and vision as a pure-play satellite and space communications company.

Comtech Telecommunications Corp. (NASDAQCMTL) (the “Company”), a global technology leader, today announced that its Board of Directors entered into a cooperation agreement with Michael Porcelain, Fred Kornberg, and Oleg Timoshenko (the “Investor Group”). Pursuant to the agreement:

November 14, 2024-- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a global technology leader, announced today that the U.S. Navy Information Warfare Systems Command awarded the Company a sole source contract for Comtech’s U.S sovereign software-defined SLM-5650B satellite communications (“SATCOM”) modems, upgrade kits, firmware options and technical support. The contract has a four-year period of performance and is valued in excess of $50.0 million. Funded orders received to date are valued at approximately $2 million.

Oct. 31, 2024-- In a letter to shareholders, Comtech (NASDAQCMTL) today announced that its fourth quarter fiscal 2024 financial results are now available.

Oct. 31, 2024-- Comtech (NASDAQCMTL) today announced that it will be hosting an earnings conference call at 4:30 p.m. ET today, to discuss its fourth quarter and fiscal year 2024 operating results. Individuals can access the conference call by dialing (800) 267-6316 (primary) or (203) 518-9783 (alternate) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for two weeks by dialing (888) 225-1190 or (402) 220-4971. A live webcast of the call will also be available at comtech.com/investors/.

October 30, 2024-- Comtech (NASDAQCMTL) (the “Company”), a global technology leader, today announced that its Board of Directors has appointed John Ratigan as President, Chief Executive Officer and a member of the Board, effective October 28, 2024. Mr. Ratigan has been serving as Comtech’s interim CEO since March 2024. In addition, the Comtech Board appointed Kenneth (Ken) H. Traub as an independent director to the Board, effective October 31, 2024.

Comtech (NASDAQCMTL) (the “Company”), a global technology leader, today announced that its Board of Directors and management team are executing a strategy to transform Comtech into a pure-play satellite and space communications company and provided a capital structure update.

Oct. 1, 2024-- Comtech (NASDAQCMTL) (the “Company”), a global technology leader, today announced SES Space & Defense recently awarded the Company an initial order for Comtech’s market-leading software-defined SLM-5650B and other next-generation modems. Initial quantities under this new contract are expected to be delivered over the next year.

Comtech (NASDAQCMTL) (the “Company”), a global technology leader, today noted the director nominations submitted by Michael Porcelain, Fred Kornberg and their affiliates to stand for election to the Comtech Board of Directors at the Company’s Fiscal 2024 Annual Meeting of Stockholders.

Sept. 11, 2024-- Comtech (NASDAQCMTL) (“the Company”), a global technology leader, today announced the launch of the Company’s new Digital Common Ground (“DCG”) portfolio of modems. Comtech’s DCG product line is designed to enable the U.S. Department of Defense (“DoD”) and coalition partners to move to digitized, hybrid satellite network architectures, which will bring forward a new era of secure, resilient, interoperable, and ubiquitous connectivity across all domains.

Aug. 16, 2024-- Comtech (NASDAQCMTL) (the “Company”), a global technology leader, today announced the relocation of its corporate headquarters from Melville, NY to Chandler, AZ. Comtech’s new corporate headquarters in Chandler boasts approximately 150,000 square feet of state-of-the-art office, engineering and manufacturing space that is designed to enhance operations, improve collaboration and accelerate the delivery of new technologies, systems and services to a variety of customers across global markets.

July 11, 2024-- Comtech (NASDAQCMTL) (the “Company”), a global technology leader, today announced it recently completed the full migration and deployment of a Next Generation 9-1-1 (“NG9-1-1”) system in Saskatchewan—marking a significant milestone for the Company and Canada’s NG9-1-1 infrastructure.

Jun. 27, 2024-- Comtech (NASDAQCMTL) (“the Company”), a global technology leader, today announced the launch of SmartAssist™, an artificial intelligence (“AI”)-backed solution developed to answer low-priority non-emergency calls without engaging a telecommunicator.

June 26, 2024-- Comtech (NASDAQCMTL) (the “Company”), a global technology leader, today announced the North Central Texas Emergency Communications District (“NCT9-1-1”) awarded the Company a contract to deliver Next Generation 9-1-1 (“NG9-1-1”) services that will further modernize NCT9-1-1’s infrastructure. The NCT9-1-1 contract includes a five-year base award, as well as three additional two-year option periods, with a not to exceed value of approximately $30.0 million.

June 18, 2024 -- Comtech (NASDAQCMTL) (“the Company”) today announced its third quarter fiscal 2024 financial results in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website. Investors are invited to access the third quarter fiscal 2024 shareholder letter at comtech.com/investors/. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.

June 17, 2024-- Comtech (NASDAQCMTL) (“the Company”) today announced that it plans to release its third quarter fiscal 2024 results before the market opens on Tuesday, June 18, 2024.

May 21, 2024-- Comtech (NASDAQCMTL) (“the Company”), a global technology leader, today announced that the Commonwealth of Massachusetts approved executing a contract with Comtech for continued operation and maintenance of the state’s Next Generation 911 (“NG911”) system.

April 15, 2024 -- Comtech (NASDAQCMTL), a global technology leader, in partnership with Eutelsat OneWeb, GEO-LEO connectivity provider in satellite communications, announces trial services to deliver Low Earth Orbit (LEO) satellite connectivity services to multiple regions of Antarctica.

April 10, 2024-- Comtech (NASDAQCMTL) (the “Company”), a global technology leader, in partnership with the Arizona Department of Administrations (“ADOA”), today announced the successful completion of a statewide transition to Comtech’s Next Generation 911 (“NG911”) services. Arizona’s new statewide NG911 infrastructure is designed to significantly enhance the ability of first responders and public safety answering points (“PSAPs”) to respond faster to emergencies and provide more comprehensive and reliable 911 services to Arizona residents.

March 21, 2024-- Comtech (NASDAQCMTL), a global technology leader, today announced the appointment of telecommunications and public safety industry leader Jeff Robertson as the Company’s new President of its Terrestrial and Wireless Networks business segment.

March 18, 2024-- Comtech (NASDAQCMTL) (“the Company”) today announced its second quarter fiscal 2024 financial results in a letter to shareholders, which has been posted to the Investor Relations section of Comtech's website.

March 13, 2024-- Comtech (NASDAQCMTL) today announced that it plans to release its second quarter fiscal 2024 results after the market closes on Monday, March 18, 2024.

Comtech (NASDAQCMTL) (the “Company”) today announced that its Board of Directors has appointed John Ratigan, Chief Corporate Development Officer (“CCDO”), as interim Chief Executive Officer, effective immediately. Mr. Ratigan succeeds Ken Peterman, who has been terminated as President and CEO and will cease to serve on the Board. Mr. Peterman’s termination was for conduct unrelated to Comtech’s business strategy, financial results or previously filed financial statements.

February 7, 2024-- Comtech (NASDAQCMTL), a global technology leader, today announced its Canadian subsidiary was invited by Innovation Canada, a sector of Innovation, Science and Economic Development Canada, to join a select group of companies participating in the Accelerated Growth Service (AGS) program. The AGS program offers support to a number of high-growth, high-potential, qualifying businesses across Canada.

February 5, 2024-- Comtech (NASDAQCMTL) announced today that Washington State recently awarded the company a $48 million contract extension to continue providing Next Generation 911 (NG911) services over the next five years, with the option to extend through 2034.

Feb. 1, 2024--Comtech (NASDAQCMTL) announced today it received approval from the U.S. Army Contracting Command to move forward on the Company’s previously announced $544 million Global Field Service Representative (GFSR) contract.

January 22, 2024 -- Comtech Telecommunications Corp. (NASDAQCMTL) (“Comtech” or the “Company”), a leading global technology company providing terrestrial and wireless network solutions, next-generation 911 emergency services, satellite and space communications technologies, and cloud native capabilities, today announced a $45.0 million investment by current shareholders White Hat Capital Partners LP (“White Hat”), an investment firm focused on sustainable value creation in technology companies serving mission-critical applications, and funds affiliated with Magnetar, a leading alternative investment manager with over $14 billion of assets under management. In connection with the investment, the Company exchanged all outstanding shares of Comtech’s existing convertible preferred stock for a new series of convertible preferred stock.

December 7, 2023-- Comtech (NASDAQCMTL) today announced its first quarter fiscal 2024 financial results and provided its second quarter fiscal 2024 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech's website.

Dec. 6, 2023-- Comtech (NASDAQCMTL), a global technology leader, today announced the appointment of satellite communications (SATCOM) and defense technology industry leader John Ratigan as the company’s first Chief Corporate Development Officer (CCDO).

December 1, 2023-- Comtech (NASDAQCMTL) today announced that it plans to release its first quarter fiscal 2024 results after the market closes on Thursday, December 7, 2023.

November 9, 2023-- Comtech (NASDAQCMTL), a global technology leader, announced today, the receipt of a $20.0 million order from the company’s UK-based partners, Spectra Group. The order will allow Spectra Group, the appointed regional distributor of Comtech’s Compact Over-the-Horizon Transportable Terminal (COMET), to service multiple orders already received, and several expected follow-on orders from undisclosed customers in the NATO and European regions.

Nov. 7, 2023-- Stellant Systems, Inc. (Stellant) and Comtech (NASDAQCMTL), both global technology leaders, announced today that the companies have closed, effective November 7, 2023, on the previously announced sale of Comtech’s Power Systems Technology (PST) product line. Stellant is a portfolio company of Arlington Capital Partners, a Washington D.C.-area private equity firm with extensive experience investing in regulated industries.

October 12, 2023-- Comtech (NASDAQCMTL) today announced its fourth quarter fiscal 2023 financial results and provided its first quarter fiscal 2024 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech's website.

Oct. 12, 2023-- Stellant Systems, Inc. (Stellant) and Comtech Telecommunications Corp. (NASDAQCMTL) (Comtech) today announced the companies entered into a definitive agreement under which Stellant will acquire Comtech’s Power Systems Technology (PST) product line for a total cash purchase price of $40 million, which includes a preliminary sales price of $35 million and contingent consideration up to $5 million based on the achievement of certain targets. The transaction was unanimously approved by the board of directors of both companies. Stellant is a portfolio company of Arlington Capital Partners (Arlington), a Washington-D.C. based private equity firm with extensive experience investing in regulated industries.

Oct. 9, 2023-- Comtech (NASDAQCMTL) announced today that it was recently awarded a U.S. Army contract with a maximum ceiling value of $544 million.

October 3, 2023-- Comtech (NASDAQCMTL) today announced that it plans to release its fourth quarter fiscal 2023 and full year results after the market closes on Thursday, October 12, 2023.

October 3, 2023-- Comtech (NASDAQCMTL) announced today the company was recently awarded a $48.6 million contract to deliver Enterprise Digital Intermediate Frequency Multi-Carrier (EDIM) modems in support of U.S. Army satellite communications (SATCOM) digitization and modernization programs.

September 14, 2023 -- Comtech (NASDAQCMTL) announced today its Dynamic Cloud Platform (DCP) is now available for commercial and government satellite service providers in U.S. and international markets.

Sept. 12, 2023-- Comtech (NASDAQCMTL) today launched its new blended, resilient, integrated, digital, global, end-to-end (BRIDGE) connectivity solutions. Comtech’s BRIDGE solutions provide portable, adaptable, full-service communications networks that can be established in a matter of hours and help “bridge the gap” for traditional satellite and terrestrial infrastructures.

July 13, 2023-- Comtech (NASDAQCMTL) announced today that the company was recently awarded a $30 million contract from Fairwinds Technologies, LLC to provide Comtech’s next-generation Troposcatter Family of Systems (FOS) in support of U.S. Army tactical communications.

June 20, 2023-- Comtech (NASDAQCMTL) announced today that it has joined the Amazon Web Services (AWS) Partner Network (APN) and completed the AWS Technical Review to validate a Comtech solution.

June 14, 2023-- Comtech (NASDAQCMTL) and E-Space, the company bridging Earth and space to enable hyper-scaled deployments of Internet of Things (IoT) solutions and services, today announced a teaming agreement to collaborate, develop and deploy innovative space-based communications solutions and IoT services to support predominantly government and targeted commercial customers.

June 8, 2023--Comtech (NASDAQCMTL) today announced its third quarter fiscal 2023 financial results and updated its fourth quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech's website.

June 7, 2023-- Comtech (NASDAQCMTL) today announced the appointment of former Under Secretary of Defense for Acquisition and Sustainment the Hon. Ellen M. Lord and former U.S. Army Chief Information Officer (CIO) Lieutenant General (LTG) (retired) Bruce T. Crawford to its Board of Directors. With the appointment of Ms. Lord and LTG (retired) Crawford, the company’s Board will consist of nine members, eight of whom will be independent.

May 31, 2023-- Comtech (NASDAQCMTL) today announced that it plans to release its third quarter fiscal 2023 results after the market closes on Thursday, June 8, 2023.

May 4, 2023-- Comtech (NASDAQCMTL) announced today that Aarna Networks, a leading provider of network automation and orchestration solutions, will become the Company’s latest publicly revealed EVOKE technology partner.

April 18, 2023-- (NASDAQCMTL) Comtech today announced the appointment of space industry veteran Nicole Robinson as a Chief Strategy Officer.

April 17, 2023-- Comtech announced today that the company recently secured multiple orders for significant quantities of its CDM-780 high-speed software defined modems. These modems will be delivered to innovative, next generation satellite operators as well as to the U.S. Department of Defense who will be assessing, evaluating, and fielding these modems in a variety of scenarios to enable broad scale government and commercial deployments to provide end users with access to high-speed connectivity in some of the hardest to reach places in the world.

April 12, 2023-- Comtech (NASDAQCMTL) today announced the appointment of technology and aerospace industry veteran Donald Walther as the company’s new Chief Legal Officer (CLO).

Apr. 5, 2023-- Comtech (NASDAQCMTL) announced today that Descartes Labs will become the Company’s third publicly revealed EVOKE technology partner.

Mar. 16, 2023-- Comtech (NASDAQCMTL) announced today that Al Yah Satellite Communications Company PJSC (Yahsat), the United Arab Emirates' flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange (ADX; under the symbol: YAHSAT), awarded the company $29 million to deliver communications technologies and location services that will operate on Yahsat’s Thuraya 4-NGS satellite constellation.

March 15, 2023-- Comtech announced today, in collaboration with three global technology leaders: Cloud Signals, Hellas Sat, and a leading Mobile Network Operator (MNO), that the companies successfully tested and validated 5G connectivity over a satellite network in Greece.

Mar. 14, 2023-- Comtech (NASDAQCMTL) announced today that WishKnish will become the Company’s second publicly revealed EVOKE technology partner.

March 13, 2023--Comtech (NASDAQCMTL) recently secured multiple multi-million-dollar contracts for its ELEVATE platform to provide commercial and government customers with satellite cellular backhaul as well as telemetry data and video services over Low Earth Orbit and Geostationary Orbit constellations.

March 9, 2023-- Comtech (NASDAQCMTL) today announced its second quarter fiscal 2023 financial results and updated its third quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech's website.

March 1, 2023-- Comtech (NASDAQCMTL) today announced that it plans to release its second quarter fiscal 2023 results after the market closes on Thursday, March 9, 2023.

Feb. 27, 2023-- Comtech (NASDAQCMTL) announced today that the company will join Microsoft’s Azure Operator Nexus Ready Program to offer customers interoperable cloud services.

February 7, 2023-- Comtech (NASDAQCMTL) announced today that it was awarded four Very Small Aperture Terminal (VSAT) III Satellite Systems and Services task order modifications exceeding $20 million dollars, under the Global Tactical Advanced Communication Systems (GTACS) IDIQ award, to support global U.S. Army operations.

Feb. 1, 2023-- Comtech (NASDAQCMTL) announced today that Sirqul will become the Company’s first publicly announced EVOKE technology partner.

Jan. 23, 2023-- Comtech (NASDAQCMTL) today announced that the Company will ring the NASDAQ Stock Market closing bell on Monday, Jan. 23, 2023. The Company is celebrating 35 years of being listed as a public company on the NASDAQ.

January 18, 2023--Comtech (NASDAQCMTL) is releasing a new logo and brand identity today that align with the company’s customer-centric focus and commitment to accelerating the global technology trajectories that will connect the unconnected, bridge the digital divide, and empower people by providing access to data and insight in new and unprecedented ways.

December 22, 2022-- Comtech (NASDAQCMTL) announced today that, in partnership with the National Emergency Number Association (NENA: The 9-1-1 Association), it will be honoring America’s 9-1-1 professionals during the 2022 SERVPRO First Responder Bowl in Dallas, Texas on Dec. 27. The game will be broadcast live nationwide on ESPN.

December 8, 2022 -- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on February 17, 2023, to shareholders of record at the close of business on January 18, 2023. The dividend is the Company’s fiftieth consecutive quarterly dividend. Future Common Stock dividends remain subject to compliance with financial covenants under the Company's secured credit facility as well as Board approval and certain voting rights of holders of our Series A Convertible Preferred Stock.

December 8, 2022--Comtech (NASDAQCMTL), a leading global provider of satellite and space communications and terrestrial and wireless network infrastructures, today announced its first quarter fiscal 2023 financial results and updated its second quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech's website.

November 30, 2022-- Comtech (NASDAQCMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it will report its first quarter of fiscal 2023 results after the market closes on Thursday, December 8, 2022.