Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of communications solutions and services, announced today that the Company has been awarded two Global Tactical Advanced Communications Systems (GTACS) contracts from the US Army’s Program Executive Office – Command, Control and Communications – Tactical (PEO-C3T). Globecomm was awarded contracts for both the Unrestricted Suite of Contracts and for the Small Business Restricted Suite of Contracts (for requirements of $4.5M and less). This multiple award, indefinite delivery / indefinite quantity contract vehicle has a term of five years and a ceiling of $10 billion.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: “We are proud to have been selected and entrusted to compete for the future provisioning of mission-critical turn-key communications systems and equipment in support of a host of our Warfighters needs via this contract vehicle. We take pride in always providing quality, cost-effective solutions to all of our customers, but there is no higher honor than to support the men and women out there on the front lines of our Nation’s defense.”
Dwight Hunsicker, Globecomm’s Vice President of Government Business Development, added: “This is a great win for us as well as all of our Teammates who joined Globecomm in the pursuit of this contract. It will be the primary means of the US Army procuring advanced communications solutions for its mission needs as well as for those needs of the National Guard, various Joint Task Forces, and other civilian agencies.”
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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV