Comtech Announces $100 Million Strategic Growth Investment
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Monday, October 18, 2021
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This strategic growth investment significantly enhances Comtechs financial flexibility and strengthens the Companys ability to capitalize on its recent large contract awards and growing customer demand for its satellite communications technologies and next-generation 911 public safety solutions.
Key Points:
- This strategic growth investment significantly enhances Comtechs financial flexibility and strengthens the Companys ability to capitalize on its recent large contract awards and growing customer demand for its satellite communications technologies and next-generation 911 public safety solutions.
- These facilities will better allow Comtech to capture value from the increasing demand for satellite ground station infrastructure and next-generation broadband technology, which Comtech expects will contribute to significant growth over the next several years.
- During fiscal year 2021, Comtech secured large, multi-year agreements with an initial lifetime value in excess of $200 million from states including Arizona, Iowa, and Pennsylvania.
- As an existing Comtech shareholder with a long-term investment horizon, White Hat understands our Company and the markets we serve.