Ken Peterman: Sure, I’ll speak to that. I tell you, both our segments have some pretty exciting growth potential. In our Satellite and Space segment, we’re now able to move up here to offer systems and services that our individual siloed businesses would not offer before. This significantly expands our market opportunities; it enables us to offer customers significantly greater value. It significantly expands our market opportunities, and it expands the size of our new business funnel. Now, we’re able to offer customers in the Satellite and Space arena significantly greater value proposition because it creates more — significantly more customer value, and we can move into more innovative business models that enable us to monetize that value proposition more effectively.
So we’re excited about that. Now, in Terrestrial and Wireless, we’re expanding both geographically and we’re also increasing the number of transactions that we handle with respect to either 911 calls or location-based queries. So, the number of transactions, as that increases and in fact, as we move toward machine-to-machine 911 like-calls and not just human-to-human, that will increase another — and make available another dimension of growth, for Comtech. Thirdly, as the Satellite and Terrestrial Network infrastructures converge, we see ad growth opportunities in another dimension. And you see that with devices now offering multiple connectivity choices, terrestrial like Bluetooth, Wi-Fi, and cellular, but also satellite connectivity to Leo and you see multiple devices, and device providers moving in that direction.
So, at the end of the day, we see significant growth potential in each of our individual segments, as well as at the enterprise level through the convergence of satellite and trusted domains, where Comtech is uniquely advantaged.
Mike Latimore: Yes, just last one. Troposcatter that a big part of the pipeline. Are there big deals out there?
Ken Peterman: Well, we see Tropo as an exciting technology that complements SATCOM because when SATCOM tends to degrade in its performance, such as in a hurricane, where you have extremely heavy rain, Troposcatter actually improves in its performance envelope, because it operates by bouncing the signal — the propagated signal off of particles, and the more particles that are generally the better it works. So, it becomes a natural companion to SATCOM. And we see opportunity there in the traditional military and defense environment, but we also see opportunity commercially in terms of connectivity — connecting oil and gas enterprises, providing robust connectivity between critical operations centers, like hospitals, fire houses, law enforcement, emergency operations centers in a hurricane or other kind of a situation.
So, we see that technology being able to expand in the defense market. Because of the success it’s having in the peer adversary conflict, we see it moving into new markets as well, adjacencies commercially, as well as at the enterprise level, like oil and gas. So, we see that as a significant growth opportunity for us.
Mike Latimore: Great, sounds good. Thank you.
Ken Peterman: Thank you, Mike.
Operator: And we’ll take our next question from Chris Sakai with Singular Research. Please go ahead.
Unidentified Analyst: Hi, guys, this is for Chris. In light of for you taking helm, Ken, and the temporary headwind to free cash flow, has there been a discussion around a commitment to and or growth off dividends?
Ken Peterman: Well, yes, I can tell you we look at deployment of capital on a regular basis. We try to optimize that with respect to driving our business performance and creating shareholder value. We deal with that at the board level. So, yes, there’s continuing conversations in that regard. Our capital allocation plans are continually discussed reviewed. I point to our disclosure in the liquidity section of our 10-Q. But I don’t have anything specifically that I’m going to say on that right now beyond that — beyond the fact that we continually look at.
