Comtech subsidiary gets $55M deal for work on Africa telecom system
Comtech develops high-tech communication systems. Credit: Handout
Comtech Telecommunications Corp., a Melville defense-electronics contractor, said Monday that its Florida subsidiary has received a $55 million contract to develop a telecommunications system for an African government.
The three-year contract called for Orland-based Comtech Systems Inc. to work on both stationary and transportable transmission systems. The company did not identify the African country, nor did it name the domestic contractor that hired it.
"We look forward to working with this prime contractor and the foreign end-customer on this and future opportunities,” Comtech president and chief executive Fred Kornberg said.
Comtech’s stock price climbed 13 cents in early trading, to $29.35 a share. The company was founded in 1967 and employees about 1,300 people.
Photo: Part of a Comtech telecom system.
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