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Globecomm Awarded Contract for a US Government Agency Valued up to $20.0 Million
September 24, 2010
Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of satellite-based communications infrastructure solutions and services, today announced that the Company has been awarded a one-year contract from a US Government Agency valued at $4.0 million. The agreement includes four one-year options which if exercised would bring the total contract value up to $20.0 million over five years.
Under the terms set forth in the contract, Globecomm will provide Ku space segment bandwidth and bandwidth management services, including life cycle services supported by a global network of qualified technicians enabling a highly professional, technical, and responsive support handling activities such as implementation, preventative and corrective maintenance, and a full range of 24 x 7 technical support services.
Andy Silberstein, Vice President and General Manager of Services, said: "Globecomm is proud to support the needs of the US Government. This contract demonstrates
Merry Christmas and good luck for 2013
John Lowe
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