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October 26, 2022 | International, Aerospace

Boeing reports $3.3 billion loss as KC-46, other defense programs drag

Boeing's defense sector results have pulled the company deeply into the red so far in 2022.

https://www.c4isrnet.com/industry/2022/10/26/boeing-reports-33-billion-loss-as-defense-programs-drag/

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  • Comtech Telecommunications Corp. Receives $9.1 Million Order from U.S. Army for Mobile Satellite Equipment

    April 14, 2020 | International, C4ISR

    Comtech Telecommunications Corp. Receives $9.1 Million Order from U.S. Army for Mobile Satellite Equipment

    Melville, N.Y.--(BUSINESS WIRE)--April 7, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, received an order consisting of additional funding of $9.1 million (of which $7.7 million was in the third quarter), on the previously announced three-year $124.2 million contract to provide ongoing sustainment services for the AN/TSC-198A SNAP (Secret Internet Protocol Router (“SIPR”) and Non-classified Internet Protocol Router (“NIPR”) Access Point), and baseband equipment. SNAP terminals provide quick and mobile satellite communications capabilities to personnel in the field. The contract has been funded $87.0 million to date. “More than ever, it is important that our U.S. Army customer has access to reliable advanced communications equipment and we look forward to providing additional essential equipment and services under our contract in future periods,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. The Mission-Critical Technologies group is focused on ensuring its customers are able to successfully carry out their mission, whether that be communicating in an austere environment on land or at sea, launching or tracking a satellite, or protecting the cyber security posture of their network. Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings. View source version on businesswire.com: https://www.businesswire.com/news/home/20200407005224/en/ Michael D. Porcelain, President and Chief Operating Officer 631-962-7000 info@comtechtel.com Source: Comtech Telecommunications Corp. View source version on Comtech Telecommunications Corp.: http://www.comtechtel.com/news-releases/news-release-details/comtech-telecommunications-corp-receives-91-million-order-us

  • BAE signs $79.8M contract with Navy for Pacific comms support

    January 16, 2019 | International, Naval, C4ISR

    BAE signs $79.8M contract with Navy for Pacific comms support

    Jan. 15 (UPI) -- BAE Systems has signed a five-year, $79.8 million contract to assist the U.S. Navy in maintaining and operating electronic, communication and computing platforms across the Pacific and Indian Oceans. The program, which supports the Pacific's Naval Computer and Telecommunications Area Master, will continue to provide continuous operations and maintenance support for afloat and ashore operations, the company said in a press release Tuesday. Full artcile: https://www.upi.com/Defense-News/2019/01/15/BAE-signs-798M-contract-with-Navy-for-Pacific-comms-support/1401547573414/

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