Comtech Telecommunications (CMTL) said Tuesday that SES Space & Defense has awarded the company an initial order for its SLM-5650B satellite modem and other next-generation modems.
Financial details weren't disclosed.
Initial quantities are expected to be delivered within the next year, the company said.
The SLM-5650B is designed for critical communications in military and government applications.
Shares of the company fell 7.1% in recent Tuesday trading.
Price: 4.47, Change: -0.34, Percent Change: -7.11
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