Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of communications solutions and services, announced today that the Company has been awarded multiple contracts from a US Government agency valued at $5.0 million. The contracts include options which if exercised would bring the combined value of the contracts up to $7.8 million.
Mike Plourde, Globecomm’s Vice President of System Products, said: “We are proud to have been selected and entrusted with the provisioning of mission-critical equipment in support of a host of Warfighters via these Task Orders. We take pride in always providing quality, cost-effective solutions to all of our customers, but there is no higher honor to support the men and women out there on the front lines.”
In addition, Globecomm has agreed to a third period of performance completion date extension to its U.S. Army World-Wide Satellite Systems (WWSS) Indefinite Delivery Indefinite Quantity (IDIQ) contract. Initially issued as a five-year, $5 billion multiple awards contract in 2006, the period of performance completion date was last extended through July 27, 2013 and is now extended to March 31, 2014.
The WWSS program is managed by the Project Manager Warfighter Information Network-Tactical (PM WIN-T) Program Management Office. Globecomm will continue to offer its systems integration and product development services providing turn-key communications solutions worldwide in support of a wide variety of US Army missions.Dwight Hunsicker, Globecomm’s Vice President of Government Business, said: “This period of performance completion date extension provides Globecomm with the ability to continue providing much-needed equipment to PM WIN-T in support a wide variety of mission requirements required of their End-Users until other contract vehicles like Global Tactical Advanced Communications Systems (GTACS) are awarded.” About Globecomm Systems Globecomm 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts