Science & Technology
Science and Technology
Science and Technology
Tue, September 21, 2010
Mon, September 20, 2010
Globecomm Announces Exercise of $4.3 Million Contract Option By The U.S. Army for the Continued Production of the Joint IP Mode
HAUPPAUGE, N.Y.--([ BUSINESS WIRE ])--Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of satellite-based communications infrastructure solutions and services, today announced that the U.S. Army has exercised a $4.3 million contract option for the continued production of the Joint IP Modem (JIPM).
On November, 12, 2007, the Company announced that it had been awarded a contract from the U.S. Armya™s Communicationsa"Electronic Life Cycle Management Command under the Program Executive Office Enterprise Information Systems Project Manager Defense Communications and Army Transmission Systemsa™ World Wide Satellite Systems program to provide the JIPM. The contract was initially valued at $9.9 million and included multiple options that if fully exercised over the next 16 months would value the contract at $87 million. The exercise of this option now brings the base contract to $22.8 million, with $64.2 million of options remaining over the next 5 months.
Globecomm is the prime contractor for the JIPM effort, providing program and contract management. Under subcontract to Globecomm, ViaSat Inc. is responsible for the network system and modem design, including the integration of DVB-S2/DVB-RCS open standard IP technology. The goal of the JIPM effort is to leverage commercial technology to the maximum extent possible, while providing an open-standard based approach, which can form the basis of interoperability for military users.
Pursuant to the contract, the JIPM network-centric IP modem will be the DoD standard network IP modem for use on military and commercial satellites to provide demand-based satellite communication transport services to the warfighter. The Defense Information Systems Agency (DISA) Program Executive Office for SATCOM, Teleport, and Services manages the JIPM initiative. DISA will field the Joint IP SATCOM Modem in the DoD Teleport Generation 2 rollout.
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, access services, hosted services and lifecycle support services. Globecomm's customers include government, enterprises, media, maritime and wireless service providers.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in Maryland, New Jersey, Virginia, the Netherlands, South Africa, Hong Kong, Germany, Singapore, the United Arab Emirates and Afghanistan.
About ViaSat ([ www.viasat.com ])
ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to virtually any location. The company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies and products to the U.S. government; is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services; and owns WildBlue, the premier Ka-band satellite broadband service provider.ViaSat also offers design capabilities and a number of complementary products including monolithic microwave integrated circuits and modules, DVB-S2 satellite communication components, video data link systems, data acceleration and compression, and mobile satellite antenna systems.Based in Carlsbad, California, ViaSat includes a number of worldwide locations for customer service, network operations, and technology development.
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.
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