Recent Annual Operating Results

Total Research and Development Expense $ in 000s $59,622 Research and Development Expense $81,310 $70,793 $71,086 $64,103 $48,365 2016 2017 2018 2019 2020 YTD 2021 COMTECH LOCATION TECHNOLOGIES Notes (1) Research and development expense includes company-funded and customer-funded. (2) Comtech's fiscal year end is July 31. 24 24

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