This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PAR Technology Announces $14.2 Million U.S. Navy Contract Award In Djibouti, Africa

PAR Technology Corporation (NYSE:PAR) announced today that the U.S. Navy awarded its subsidiary, Rome Research Corporation (RRC), a contract to provide telecommunications operations and maintenance services at the Global Information Grid (GIG) facility at Camp Lemonnier in Djibouti, Africa. The value of the contract is $14.2 million, with a performance period of 5 years. This site will join the many other communications facilities that RRC operates for the Navy in the United States and throughout the world.

“We are pleased that the U.S. Navy has selected RRC as its preferred provider for communications services at Camp Lemonnier, Djibouti, Africa — the only U.S. Military installation in Africa. Our communications operations and maintenance (O&M) responsibility will include support to the Combined Joint Task Force-Horn of Africa (CJTF-HOA) as well as several other tenants at Camp Lemonnier,” commented Steve Lynch, President of PAR Technology’s Government Operations. “We are committed to providing the Navy with the most cost-effective solution and to delivering unsurpassed quality, value and customer satisfaction. RRC’s 12 years of experience supporting multiple NCTAMS LANT telecommunications O&M contracts uniquely positions the RRC team to achieve the Command’s operational requirements in Djibouti.”

As a critical team member of NCTAMS LANT Detachment, Camp Lemonnier, RRC’s mission will be to provide critical 24/7/365 communications O&M services in support of CJTF-HOA as well as a variety of other tenant commands and U.S. Federal Agencies. RRC’s support to U.S. and coalition forces will be a key enabler for successful operations throughout the Horn of Africa. Camp Lemonnier is located adjacent to the Djibouti-Ambouli International Airport and is home to a multinational force of more than 3000 personnel along with nearly 800 local national personnel.

The GIG is the global network of information capabilities, processes and personnel for collecting, processing, storing, disseminating and managing information on demand for use by military commanders, policy makers and support personnel. The GIG provides capabilities to operating locations that include bases, posts, camps, stations, facilities, mobile platforms and deployed sites. It also provides interfaces to coalition, allied and non-DoD users and systems.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs