Comtech Telecommunications Awarded Contract for 911 Text Services in Maryland

On April 11, Comtech Telecommunications, Inc. (CMTL) announced that the company was awarded a two-year, multi-million dollar contract from the state of Maryland. By implementing Comtech’s Next Generation Text technology, citizens will be able to text distress calls to 911. This is particularly helpful for people who are in situations where making a voice call to 911 could put them in additional danger.

 

Sonal detected the event at 10:00 am and issued an alert. The next trade took place at 10:02 for $30.52. Comtech’s stock experienced modest gains on the day of the event before closing at $30.71. The stock price continued to rise over the next five trading sessions before closing at $32.10 on April 18.

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