- Comtech Telecommunications Corp CMTL secured a five-year single award IDIQ contract renewal with Firm Fixed Price (FFP) and Time and Materials (T&M) delivery orders in Q1 FY22 valued at $125 million from the Federal Government for the Joint Cyber Analysis Course (JCAC) Training solutions.
- The first delivery order on the IDIQ contract was received and funded $1.4 million to date.
- "This contract renewal acknowledges our proven track record of excellence in developing and delivering complex cybersecurity operations training at the scale and demanding operational tempo required by our Federal Government customers," said Comtech Chair and CEO Fred Kornberg.
- Price Action: CMTL shares traded lower by 0.59% at $26.00 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
