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General

Comtech receives USD 100 mln new investment from existing shareholders

Monday 18 October 2021 | 16:37 CET | News
Comtech Telecommunications has received a new investment of USD 100 million from current shareholder White Hat and Magnetar. The money will be used to complete the build out of the company's new tech centres and advanced manufacturing capabilities in Chandler, Arizona and Basingstoke in the UK. The company will also be able to participate more on the ongoing 911 upgrade cycle across the US. Finally, the money will also go towards acquisitions.

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Categories: General
Companies: Comtech Telecommunications
Countries: World
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