Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of communications solutions and services, today announced that the Company has been awarded a contract from the US Navy’s Space and Naval Warfare Systems Center Atlantic, located in Charleston, SC, for commercial-off-the-shelf satellite network and communications equipment and other services.
The indefinite-delivery/indefinite-quantity, firm-fixed-price, contract, has a base year value of up to $17 million, including four option years, which if exercised could bring the combined cumulative value of the multiple award contracts to an estimated $85 million, to be shared among the pool of awardees. Globecomm will compete with two other companies who were awarded similar contracts for individual delivery orders under the terms and conditions of the awarded contract.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: “This contract further deepens our support to a critical US Government organization charged with rapidly delivering solutions that enable information dominance for our country’s Naval, Joint, National and Coalition Warfighters. This prime contract leverages Globecomm's program management and satellite communications engineering know-how in developing, deploying and supporting state-of-the-art solutions in a manner that is mutually aligned with SPAWAR’s expectations regarding responsiveness, excellence, credibility and accountability.”
About Globecomm SystemsGlobecomm Systems Inc., or Globecomm, is a leading global provider of satellite-based managed network solutions. Employing our expertise in emerging communication technologies we are able to offer a comprehensive suite of system integration, system products, and network services enabling a complete end-to-end solution for our customers. We believe our integrated approach of in-house design and engineering expertise combined with a world-class global network and our 24 by 7 network operating centers provides us a unique competitive advantage. We are now taking this value proposition to selective vertical markets, including government, wireless, media, enterprise, and maritime. As a network solution provider we leverage our global network to provide customers managed access services to the United States Internet backbone, video content, the public switched telephone network or their corporate headquarters, or government offices. We currently have customers for which we are providing such services in the United States, Europe, South America, Africa, the Middle East, and Asia.
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