Globecomm Systems Receives Award Under an Indefinite Delivery/Indefinite Quantity Contract From a U.S. Government Customer Valued at $12.8 Million
Posted on: Wednesday, 25 July 2007, 15:22 CDT
Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end value-added satellite-based communications solutions, announced today that the Company has received an award under an Indefinite Delivery/Indefinite Quantity (IDIQ) contract from a U.S. Government customer valued at $12.8 million to supply transportable flyaway satellite systems.
The Company currently anticipates executing this entire contract in the current fiscal year ending June 30, 2008.
Mike Plourde, Vice President Government Programs, said, "Globecomm's government marketplace penetration strategy continues to result in major contract awards. The Company has spent considerable resources in the IDIQ contract vehicle inclusion process and is determined to demonstrate to government customers why multiple agencies turn to Globecomm for high quality satellite system integrated products."
About Globecomm Systems
Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom, the United Arab Emirates and Afghanistan.
Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which the Company urges investors to consider. These risks and other factors include, but are not limited to general and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan.
Source: Business Wire
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