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Globecomm Systems Awarded Satellite Ground Terminals Contract for $2.4 Million


July 12, 2011


Globecomm Systems Inc.  has been awarded a contract amendment from a multi-national organization for transportable satellite ground terminals, valued at approximately $2.4 million. This contract amendment changes the technical solution for the vehicles supplied under this contract.

Globecomm previously announced approximately $29.5 million in contracts for the design and development of the system, bringing the combined contract value to approximately $31.9 million. Globecomm has recognized $5.8 million in revenue under the contract.

Paul Knudsen, Vice President of Eastern Atlantic, said: "Globecomm is proud to support the continuing needs of the customer. This contract continues to demonstrate our sustained ability to provide high quality communication services."