Comtech Telecommunications announced that its subsidiary, Comtech Mobile Datacom Corp., was advised by the U.S. Army Contracting Command-CECOM Contracting Center that it was not selected as the program manager and vendor for the Force XXI Battle Command Brigade and Below, Blue Force Tracking 2 program.
Comtech Telecommunications spiked sharply to the downside following the announcement. Shares slipped further around 1:30PM and finished lower by 10 points at $21.30 on the highest volume of the year. The stock sank to a new low for the year.
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