MELVILLE, N.Y., June 4, 2008 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) today reported its operating results for the three months ended April 30, 2008. Net sales for the third quarter of fiscal 2008 were $138.1 million compared to $119.4 million in the third quarter of fiscal 2007, reflecting significant growth in the mobile data communications and RF microwave amplifiers segments, partially offset by lower net sales in the telecommunications transmission segment.

GAAP net income was $19.3 million, or $0.70 per diluted share, for the three months ended April 30, 2008 compared to $19.1 million, or $0.71 per diluted share, for the three months ended April 30, 2007. Non-GAAP net income, which excludes the amortization of stock-based compensation expense, was $21.0 million, or $0.76 per diluted share, for the three months ended April 30, 2008 as compared to Non-GAAP net income of $20.5 million, or $0.75 per diluted share, for the three months ended April 30, 2007.

Net sales for the nine months ended April 30, 2008 were $405.2 million compared to $327.9 million for the nine months ended April 30, 2007. GAAP net income was $59.5 million, or $2.15 per diluted share, for the nine months ended April 30, 2008 compared to $48.1 million, or $1.80 per diluted share, for the nine months ended April 30, 2007. Non-GAAP net income, which excludes the amortization of stock-based compensation expense, was $64.6 million, or $2.31 per diluted share, for the nine months ended April 30, 2008 as compared to Non-GAAP net income of $51.8 million, or $1.90 per diluted share, for the nine months ended April 30, 2007.

In commenting on the Company's performance during the third quarter of fiscal 2008, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "The third quarter marks another strong quarter of performance for Comtech. We are marching towards our sixth year in a row of record revenues and profits."

Mr. Kornberg added, "Our growth continues to be driven by our commitment to investing in technologies that make our products more compelling to our customers. We are excited about the many large growth opportunities we see as we look to further growth in fiscal 2009 and beyond."

Selected Third Quarter Fiscal 2008 and 2007 Financial Metrics and Other Items

 .   Bookings for the three and nine months ended April 30, 2008 were
     $104.8 million and $462.1 million, respectively, compared to
     $68.9 million and $294.9 million for the three and nine months
     ended April 30, 2007, respectively. Backlog as of April 30, 2008
     was $185.9 million compared to $129.0 million as of July 31, 2007
     and $153.0 million as of April 30, 2007.

 .   Earnings before interest, taxes, depreciation and amortization
     (EBITDA) were $33.2 million and $97.8 million for the three and
     nine months ended April 30, 2008, respectively, as compared to
     $28.7 million and $75.3 million for the three and nine months
     ended April 30, 2007, respectively.

 .   Cash provided by operating activities for the first nine months
     of fiscal 2008 was $22.1 million, compared to $65.4 million for
     the first nine months of fiscal 2007. The decrease in cash
     provided by operating activities was driven by an increase in
     working capital requirements associated with the significant
     increase in sales activity in our mobile data communications and
     RF microwave amplifiers segments.

 .   In our mobile data communications segment, for the three months
     ended April 30, 2007, we increased the estimated gross profit on
     our original MTS contract, which resulted in an increase to net
     sales and operating income of $4.6 million and $3.9 million,
     respectively. This adjustment is more fully described in our Form
     10-Q filed earlier today.

 .   Our effective tax rate was 36.1% and 29.0% for the three months
     ended April 30, 2008 and 2007, respectively. Our effective tax
     rate for the three months ended April 30, 2007 included discrete
     tax benefits of approximately $1.6 million. Excluding discrete
     tax benefits, our effective tax rate for the three months ended
     April 30, 2007 was approximately 35.0%.

Conference Call

The Company has scheduled an investor conference call for 8:30 a.m. (ET) on Thursday, June 5, 2008. Investors and the public are invited to access a live webcast of the conference call from the news section of the Comtech web site at www.comtechtel.com. Alternatively, investors can access the conference call by dialing (800) 862-9098 (domestic) or (785) 424-1051 (international) and using the conference I.D. of "Comtech". A replay of the conference call will be available for seven days by dialing (402) 220-1110. In addition, an updated investor presentation, including earnings guidance, will be available on our web site shortly after the conference call.

About Comtech

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a leader in the market segments that it serves.

Cautionary Statement Regarding Forward-Looking Statements

Certain information in this press release contains forward-looking statements, including but not limited to, information relating to the Company's future performance and financial condition, plans and objectives of the Company's management and the Company's assumptions regarding such future performance, financial condition, plans and objectives that involve certain significant known and unknown risks and uncertainties and other factors not under the Company's control which may cause actual results, future performance and financial condition, and achievement of plans and objectives to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include the timing of receipt of, and the Company's performance on, new orders that can cause significant fluctuations in net sales and operating results, the timing and funding of government contracts, adjustments to gross profits on long-term contracts, risks associated with international sales, rapid technological change, evolving industry standards, frequent new product announcements and enhancements, changing customer demands, changes in prevailing economic and political conditions, risks associated with the results of ongoing investigations into our compliance with export regulations, the risk that the tender offer or merger with Radyne Corporation may not be consummated and that we may not realize the anticipated benefits from this acquisition, and other factors described in the Company's filings with the Securities and Exchange Commission.

                   COMTECH TELECOMMUNICATIONS CORP.
                           AND SUBSIDIARIES
            Condensed Consolidated Statements of Operations
                              (Unaudited)


                        Three months ended        Nine months ended
                             April 30,                 April 30,
                    -------------------------  ------------------------
                        2008         2007         2008          2007
                    ------------  -----------  -----------  -----------

 Net sales          $138,068,000  119,417,000  405,153,000  327,870,000
 Cost of sales        77,536,000   67,842,000  227,818,000  187,070,000
                    ------------  -----------  -----------  -----------
   Gross profit       60,532,000   51,575,000  177,335,000  140,800,000
                    ------------  -----------  -----------  -----------

 Expenses:
  Selling, general
   and
   administrative     22,032,000   18,626,000   63,735,000   53,470,000
  Research and
   development        10,252,000    8,050,000   30,433,000   22,823,000
  Amortization of
   intangibles           433,000      700,000    1,246,000    2,028,000
                    ------------  -----------  -----------  -----------
                      32,717,000   27,376,000   95,414,000   78,321,000
                    ------------  -----------  -----------  -----------

 Operating income     27,815,000   24,199,000   81,921,000   62,479,000

 Other expense
  (income):
  Interest expense       668,000      685,000    2,015,000    2,052,000
  Interest income
   and other          (3,080,000)  (3,415,000) (11,622,000)  (9,905,000)
                    ------------  -----------  -----------  -----------

 Income before
  provision for
  income taxes        30,227,000   26,929,000   91,528,000   70,332,000
 Provision for
  income taxes        10,922,000    7,801,000   32,060,000   22,206,000
                    ------------  -----------  -----------  -----------
 Net income         $ 19,305,000   19,128,000   59,468,000   48,126,000
                    ============  ===========  ===========  ===========

 Net income per
  share:
   Basic            $       0.80         0.83         2.47         2.09
                    ============  ===========  ===========  ===========
   Diluted          $       0.70         0.71         2.15         1.80
                    ============  ===========  ===========  ===========

 Weighted average
  number of common
  shares outstanding
  - basic             24,224,000   23,157,000   24,082,000   23,067,000
                    ============  ===========  ===========  ===========

 Weighted average
  number of common
  and common
  equivalent shares
  outstanding assuming
  dilution
  - diluted           28,220,000   27,552,000   28,244,000   27,478,000
                    ============  ===========  ===========  ===========



                   COMTECH TELECOMMUNICATIONS CORP.
                           AND SUBSIDIARIES
                 Condensed Consolidated Balance Sheets


                                             April 30,      July 31,
                                               2008           2007
                   Assets                  ------------   ------------
                                            (Unaudited)
 Current assets:
   Cash and cash equivalents               $361,086,000    342,903,000
   Accounts receivable, net                  97,483,000     73,585,000
   Inventories, net                          80,848,000     61,987,000
   Prepaid expenses and other
    current assets                           10,008,000      6,734,000
   Deferred tax asset - current              10,524,000      9,380,000 
                                           ------------  -------------
      Total current assets                  559,949,000    494,589,000

 Property, plant and equipment, net          32,321,000     29,282,000
 Goodwill                                    24,363,000     24,387,000
 Intangibles with finite lives, net           5,390,000      5,717,000
 Deferred financing costs, net                1,494,000      1,903,000
 Other assets, net                              624,000        464,000
                                           ------------  -------------
      Total assets                         $624,141,000    556,342,000 
                                           ============  =============

      Liabilities and Stockholders' Equity
 Current liabilities:
   Accounts payable                        $ 25,749,000     26,137,000
   Accrued expenses and other
    current liabilities                      45,602,000     47,332,000
   Customer advances and deposits            19,515,000     20,056,000
   Current installments of other
    obligations                                 143,000        135,000
   Interest payable                             525,000      1,050,000
   Income taxes payable - current             4,791,000      2,796,000
                                           ------------  -------------
      Total current liabilities              96,325,000     97,506,000

 Convertible senior notes                   105,000,000    105,000,000
 Other obligations, less current
  installments                                       --        108,000
 Income taxes payable - non-current           2,244,000             --
 Deferred tax liability - non-current           864,000      7,960,000
                                           ------------  -------------
      Total liabilities                     204,433,000    210,574,000

 Commitments and contingencies

 Stockholders' equity:
   Preferred stock, par value $.10 per
    share; shares authorized and unissued
    2,000,000                                       --             --
   Common  stock, par value $.10 per share;
    authorized 100,000,000 shares; issued
    24,455,273 shares and 24,016,329 shares
    at April 30, 2008 and July 31, 2007,
    respectively                              2,446,000      2,402,000
   Additional paid-in capital               180,131,000    165,703,000
   Retained earnings                        237,316,000    177,848,000
                                           ------------  -------------
                                            419,893,000    345,953,000
      Less:
        Treasury stock (210,937) shares        (185,000)      (185,000)
                                           ------------  -------------
            Total stockholders' equity      419,708,000    345,768,000
                                           ------------  -------------
            Total liabilities and
             stockholders' equity          $624,141,000    556,342,000
                                           ============  =============



                   COMTECH TELECOMMUNICATIONS CORP.
                           AND SUBSIDIARIES
           Reconciliation of Non-GAAP Financial Measures to
                        GAAP Financial Measures
                              (Unaudited)


                          Three Months Ended       Nine months Ended
                               April 30,                April 30,
                        -----------------------  ----------------------
                           2008         2007        2008        2007
                        -----------  ----------  ----------  ----------
 Reconciliation of
  Non-GAAP Net Income
  To GAAP Net Income(1):
   Non-GAAP net
    income              $21,022,000  20,494,000  64,627,000  51,765,000
   Amortization of
    stock-based
    compensation         (2,579,000) (1,946,000) (7,850,000) (5,293,000)
   Tax effect of
    stock-based
    compensation
    expense                 862,000     580,000   2,691,000   1,654,000
                        -----------  ----------  ----------  ----------
   GAAP net income      $19,305,000  19,128,000  59,468,000  48,126,000
                        ===========  ==========  ==========  ==========

 Reconciliation of
  Non-GAAP Diluted
   Earnings Per Share
   To GAAP Diluted
   Earnings Per
   Share(1):
    Non-GAAP diluted
     earnings per
     share              $      0.76        0.75        2.31        1.90
    Amortization of
     stock-based
     compensation             (0.09)      (0.06)      (0.25)      (0.16)
    Tax effect of
     stock-based
     compensation
     expense                   0.03        0.02        0.09        0.06
                        -----------  ----------  ----------  ----------
 GAAP diluted earnings
  per share             $      0.70        0.71        2.15        1.80
                        ===========  ==========  ==========  ==========

 Reconciliation of GAAP
  Net Income to
  EBITDA(2):
   GAAP net income      $19,305,000  19,128,000  59,468,000  48,126,000
   Income taxes          10,922,000   7,801,000  32,060,000  22,206,000
   Net interest income
    and other            (2,412,000) (2,730,000) (9,607,000) (7,853,000)
   Amortization of
    stock-based
    compensation          2,579,000   1,946,000   7,850,000   5,293,000
   Depreciation and
    amortization          2,800,000   2,601,000   7,984,000   7,487,000
                        -----------  ----------  ----------  ----------
   EBITDA               $33,194,000  28,746,000  97,755,000  75,259,000
                        ===========  ==========  ==========  ==========

 (1) Non-GAAP net income is used by management in assessing the
     Company's operating results. The Company believes that investors
     and analysts may use non-GAAP measures that exclude the
     amortization of stock-based compensation, along with other
     information contained in its SEC filings, in assessing the
     Company's operating results.

 (2) Represents earnings before interest, income taxes, depreciation
     and amortization of intangibles and stock-based compensation.
     EBITDA is a non-GAAP operating metric used by management in
     assessing the Company's operating results and ability to meet
     debt service requirements. The Company's definition of EBITDA may
     differ from the definition of EBITDA used by other companies and
     may not be comparable to similarly titled measures used by other
     companies. EBITDA is also a measure frequently requested by the
     Company's investors and analysts. The Company believes that
     investors and analysts may use EBITDA, along with other
     information contained in its SEC filings, in assessing its
     ability to generate cash flow and service debt.

ECMTL

CONTACT:  Comtech Telecommunications Corp.
          Michael D. Porcelain, Senior Vice President 
            and Chief Financial Officer
          Jerome Kapelus, Senior Vice President, Strategy 
            and Business Development
          (631) 962-7000
          Info@comtechtel.com