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Comtech Telecommunications sales, net income decline

2015-12-10 02:33:00| Telecom - Topix.net

Comtech Telecommunications Corp. Wednesday posted lower sales and net income for the quarter ended Oct. 31 on weakness in its telecommunications transmission business. The Melville maker of communications systems for military and civilian markets reported that first quarter sales fell 16.1 percent compared to the year-earlier quarter, to $64.1 million.

Tags: net sales income telecommunications

TeleCommunication Systems to Acquire Comtech for $431 Million

2015-11-24 22:40:05| Telecom - Topix.net

Comtech Telecom and TeleCommunication Systems jointly announced Monday that Comtech has agreed to acquire TeleCommunication in a cash deal for $5 per share. The price represents a 13.9% premium to Comtech's closing price of $4.39 on Nov. 20. Shares of TeleCommunication jumped nearly 13% Monday morning to $4.94, assigning Comtech a $302.7 million market capitalization.

Tags: systems million acquire telecommunication

Comtech to acquire TCS for USD 430.8 mln in cash

2015-11-23 21:02:00| Telecompaper Headlines

(Telecompaper) Comtech has agreed to acquire TeleCommunication Systems (TCS) for USD 5.00 per share in cash, or a total of USD 430.8 million. The price represents a premium of 13.9 percent compared to the last closing trading price of TCS shares and 35.1 percent over the last closing trading price one day after TCS's announcement in July that it had formed a special committee to explore strategic alternatives to enhance stockholder value. The deal was unanimously approved by the board of directors of both companies.

Tags: cash usd acquire mln

Comtech Systems, Inc.'s MTTS Tactical Troposcatter Solution Provides High Bandwidth Datalink for NATO Trident Juncture 2015 Exercise

2015-10-27 11:31:10| Industrial Newsroom - All News for Today

Orlando, Fla. Comtech Systems, Inc., a world leader in creating customized Beyond Line-of-Sight and troposcatter communications networks, has provided a high data rate troposcatter (tropo) link for NATO's Trident Juncture 2015 Exercise (TJRE15), utilizing its advanced MTTS Tactical Troposcatter Solution. The link...

Tags: high systems solution exercise