Science & Technology
Science and Technology
Science and Technology
Sun, February 15, 2009
Sat, February 14, 2009
Fri, February 13, 2009
Globecomm Systems Receives a $13.7 Million Service Contract Under a Multi-Year Contract with a Major U.S. Government Prime Cont
HAUPPAUGE, N.Y.--([ BUSINESS WIRE ])--Globecomm Systems Inc. (NASDAQ: GCOM), a leading provider of satellite-based communications infrastructure solutions and services on a global basis, announced today that the Company's wholly-owned subsidiary, Globecomm Services Maryland, has received a one-year service contract from a major U.S. Government prime contractor valued at $13.7 million.
On January 2, 2008, Globecomm announced that it was awarded a service contract renewal from a major U.S. Government prime contractor valued at up to $42.4 million over four years, if all options are exercised, to provide satellite, data, voice and microwave services to several locations in the Middle East, Africa and Asia as well as certain Pacific and Caribbean islands. The scope of work specified that Globecomm would provide fully managed engineering support, teleport services, and equipment, complete with installation and maintenance.
Each option year requires incremental funding and includes additional options to increase the scope of work for both locations and services offerings. This $13.7 million contract has been issued under the previously announced multi-year contract, is fully funded and includes a significant increase in scope over the base contract.
Bill Raney, Globecomm Senior Vice President, said: "It is an honor to be able to continue our services in support of the U.S. Diplomatic mission and the Foreign Service community."
Keith Hall Senior Vice President, General Manager of Globecomm Network Services noted: "Globecomm continues to grow both its capability and reputation as a Tier 1 Global Managed Network Services Provider. As a value added offering to our core Satellite Transport services, Globecomm provides a full range of Life Cycle Support services. Our Life Cycle services are supported by a global network of qualified technicians enabling highly professional, technical and responsive support handling activities such as implementation, preventive and corrective maintenance, and a full range of 24 x 7 technical support services. Globecomm currently supports over 4,000 locations globally with the ability to provide 4-hour on site responsiveness. Providing our customers with the highest level of technical onsite support services is a core mission of Globecomm and we look forward to servicing this community for many years to come."
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, Maryland, Hong Kong, the United Arab Emirates and Afghanistan.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on management's current expectations and observations.You should not place undue reliance on our forward-looking statements because the matters they describe are subject to certain risks, uncertainties and assumptions that are difficult to predict. Our forward-looking statements are based on the information currently available to us and speak only as of the date of this press release. Over time, our actual results, performance or achievements may differ from those expressed or implied by our forward-looking statements, and such difference might be significant and materially adverse to our security holders. In particular, the impact of the current economic downturn and the unpredictability of government spending programs make assessment of future performance extremely difficult.We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
We have identified some of the important factors that could cause future events to differ from our current expectations and they are described in our most recent Annual Report on Form 10-K, including without limitation under the captions ‘‘Risk Factors'' and ‘‘Management's Discussion and Analysis of Financial Condition and Results of Operations,'' and in other documents that we may file with the SEC, including our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which you should review carefully. Please consider our forward-looking statements in light of those risks as you read this press release.
