Exhibit 99.1

	Media Contacts: Fred Kornberg, President and Chief Executive Officer Robert G. Rouse, Chief Financial Officer (631) 777-8900 info@comtechtel.com
	COMTECH TELECOMMUNICATIONS CORP. ANNOUNCES THIRD QUARTER RESULTS FOR FISCAL 2004
	Melville, New York – June 8, 2004 – Comtech Telecommunications Corp. (Nasdaq: CMTL) today reported its results for the three months ended April 30, 2004. Net sales for the three months ended April 30, 2004 were $51.2 million compared to $48.8 million for the three months ended April 30, 2003. Net income was $4.8 million, or 31 cents per diluted share, and $3.5 million, or 29 cents per diluted share, for the three months ended April 30, 2004 and 2003, respectively. Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased to $9.0 million for the three months ended April 30, 2004 from $7.2 million for the three months ended April 30, 2003. Net sales for the nine months ended April 30, 2004 were $164.3 million compared to $122.4 million for the nine months ended April 30, 2003. Net income was $15.7 million, or $1.02 per diluted share, and $6.1 million, or 52 cents per diluted share, for the nine months ended April 30, 2004 and 2003, respectively. EBITDA increased to $28.1 million for the nine months ended April 30, 2004 from $15.5 million for the nine months ended April 30, 2003. Sales and earnings for the fiscal 2004 periods were favorably impacted by margin adjustments of approximately $1.1 million, net of income taxes, due to lower than anticipated costs on two large contracts as they draw nearer to completion. Backlog as of April 30, 2004 was $90.9 million compared to $115.9 million as of April 30, 2003 and $97.1 million as of January 31, 2004. The decrease is the result of our performance on two large contracts received in fiscal 2003. In commenting on the Company’s performance during the third quarter of fiscal 2004, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “The third quarter of fiscal 2004 was another strong showing for Comtech. As predicted, fiscal 2004 is expected to be another record year based on virtually every operating metric: sales, operating income, EBITDA, net income and EPS.” Mr. Kornberg added, “More importantly, we are optimistic across all three of our business segments as we approach fiscal 2005. Despite expected EPS growth in fiscal 2004 of more than 60%, we believe fiscal 2005 will be another record year in sales and earnings.” Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions addressing commercial and government markets. The Company conducts its business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company offers specialized products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.

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The Company has scheduled an investor conference call for 11:30 AM (ET) on Tuesday, June 8, 2004. Investors and the public are invited to access a live webcast of the conference call from the news section of the Comtech web site, www.comtechtel.com. A replay of the webcast will be available at the same location for 30 days following the conference call. Alternatively, investors can access the conference call by dialing (800) 540-0559 (domestic), or (785) 832-1508 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for seven days by dialing (402) 220-0857. In addition, an updated investor presentation, including earnings guidance, will be available on our web site shortly after the conference call.

Certain information in this press release contains forward-looking statements, including but not limited to, information relating to the future performance and financial condition of the Company, the plans and objectives of the Company’s management and the Company’s assumptions regarding such performance and plans that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties, which include the following:

• Our operating results being difficult to forecast and subject to volatility;

• Our inability to maintain our government business;

• Our inability to keep pace with technological changes;

• Our dependence on international sales;

• The impact of a continued domestic and foreign economic slow-down and reduction in telecommunications equipment and systems spending on the demand for our products, systems and services;

• Our mobile data communications business being in an early stage;

• Our backlog being subject to cancellation or modification;

• Our dependence on component availability, subcontractor availability and performance by key suppliers;

• Our fixed price contracts being subject to risk;

• The impact of adverse regulatory changes on our ability to sell products, systems and services;

• The impact of prevailing economic and political conditions on our businesses;

• Whether we can successfully integrate and assimilate the operations of acquired businesses;

• The impact of the loss of key technical or management personnel;

• The highly competitive nature of our markets;

• Our inability to protect our proprietary technology;

• Our operations being subject to environmental regulation;

• The impact of recently enacted and proposed changes in securities laws and regulations on our costs;

• The impact of terrorist attacks and threats, and government responses thereto, and threats of war on our businesses; and

• Our inability to satisfy our debt obligations, including the recently issued convertible senior notes.

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COMTECH TELECOMMUNICATIONS CORP.
Consolidated Statements of Operations
(Unaudited)

	Three Months Ended April 30,						Nine Months Ended April 30,
	2004			2003			2004			2003
Net sales	$	51,244,000			48,753,000			164,334,000			122,352,000
Cost of sales		30,635,000			32,262,000			102,132,000			80,641,000
Gross profit		20,609,000			16,491,000			62,202,000			41,711,000
Expenses:
Selling, general and administrative		8,775,000			7,270,000			26,153,000			19,970,000
Research and development		3,993,000			3,014,000			11,198,000			9,326,000
Amortization of intangibles		499,000			488,000			1,498,000			1,540,000
		13,267,000			10,772,000			38,849,000			30,836,000
Operating income		7,342,000			5,719,000			23,353,000			10,875,000
Other expense (income):
Interest expense		675,000			682,000			750,000			2,059,000
Interest income		(324,000	)		(66,000	)		(543,000	)		(187,000	)
Income before provision for income taxes		6,991,000			5,103,000			23,146,000			9,003,000
Provision for income taxes		2,238,000			1,633,000			7,407,000			2,881,000
Net income	$	4,753,000			3,470,000			15,739,000			6,122,000
Net income per share:
Basic	$	0.33			0.31			1.12			0.54
Diluted	$	0.31			0.29			1.02			0.52
Weighted average number of common shares
outstanding – basic		14,217,000			11,351,000			14,083,000			11,307,000
Potential dilutive common shares		1,187,000			711,000			1,354,000			563,000
Weighted average number of common and      common equivalent shares outstanding      assuming dilution – diluted		15,404,000			12,062,000			15,437,000			11,870,000
EBITDA (1)	$	8,956,000			7,228,000			28,091,000			15,492,000
Reconciliation of net income to EBITDA:
Net income	$	4,753,000			3,470,000			15,739,000			6,122,000
Income taxes		2,238,000			1,633,000			7,407,000			2,881,000
Net interest expense		351,000			616,000			207,000			1,872,000
Depreciation and amortization		1,614,000			1,509,000			4,738,000			4,617,000
EBITDA	$	8,956,000			7,228,000			28,091,000			15,492,000

(1) Represents earnings before interest, income taxes, depreciation and amortization. EBITDA is a non-GAAP operating metric used by management in assessing the Company’s operating results and ability to meet its debt service requirements. 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.

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COMTECH TELECOMMUNICATIONS CORP.
Consolidated Balance Sheets

	April 30, 2004			July 31, 2003
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	152,818,000			48,617,000
Restricted cash		4,196,000			4,288,000
Accounts receivable, net		48,565,000			26,696,000
Inventories, net		36,626,000			34,048,000
Prepaid expenses and other current assets		2,155,000			1,742,000
Deferred tax asset – current		5,699,000			5,699,000
Total current assets		250,059,000			121,090,000
Property, plant and equipment, net		13,351,000			12,328,000
Goodwill and other intangibles with indefinite lives		17,726,000			17,726,000
Intangibles with definite lives, net		9,855,000			11,353,000
Deferred financing costs, net		3,677,000			—
Other assets		370,000			390,000
Deferred tax asset – non-current		1,363,000			1,363,000
Total assets	$	296,401,000			164,250,000
Liabilities and Stockholders’ Equity
Current liabilities:
Current installments of capital lease obligations	$	343,000			899,000
Accounts payable		11,154,000			11,527,000
Accrued expenses and other current liabilities		17,301,000			13,267,000
Customer advances and deposits		5,855,000			2,491,000
Deferred service revenue		13,439,000			11,160,000
Interest payable		554,000			—
Income taxes payable		6,414,000			6,945,000
Total current liabilities		55,060,000			46,289,000
Convertible senior notes		105,000,000			—
Capital lease obligations, less current installments		194,000			393,000
Total liabilities		160,254,000			46,682,000
Stockholders’ equity:
Preferred stock, par value $.10 per share; shares authorized and
unissued 2,000,000		—			—
Common stock, par value $.10 per share; authorized 30,000,000 shares,
issued 14,363,570 shares at April 30, 2004 and 14,020,769 shares
at July 31, 2003		1,436,000			1,402,000
Additional paid-in capital		110,321,000			107,573,000
Retained earnings		24,623,000			8,884,000
		136,380,000			117,859,000
Less:
Treasury stock (140,625 shares)		(185,000	)		(185,000	)
Deferred compensation		(48,000	)		(106,000	)
Total stockholders’ equity		136,147,000			117,568,000
Total liabilities and stockholders’ equity	$	296,401,000			164,250,000
Commitments and contingencies

ECMTL

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