Globecomm Awarded US Government Satellite Network and Communications Equipment Contract
July 24 2012 - 10:15AM
Business Wire
Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider
of communications solutions and services, today announced that the
Company has been awarded a contract from the US Navy’s Space and
Naval Warfare Systems Center Atlantic, located in Charleston, SC,
for commercial-off-the-shelf satellite network and communications
equipment and other services.
The indefinite-delivery/indefinite-quantity, firm-fixed-price,
contract, has a base year value of up to $17 million, including
four option years, which if exercised could bring the combined
cumulative value of the multiple award contracts to an estimated
$85 million, to be shared among the pool of awardees. Globecomm
will compete with two other companies who were awarded similar
contracts for individual delivery orders under the terms and
conditions of the awarded contract.
David Hershberg, Chief Executive Officer and Chairman of
Globecomm Systems Inc., said: “This contract further deepens our
support to a critical US Government organization charged with
rapidly delivering solutions that enable information dominance for
our country’s Naval, Joint, National and Coalition Warfighters.
This prime contract leverages Globecomm's program management and
satellite communications engineering know-how in developing,
deploying and supporting state-of-the-art solutions in a manner
that is mutually aligned with SPAWAR’s expectations regarding
responsiveness, excellence, credibility and accountability.”
About Globecomm Systems
Globecomm Systems Inc., or Globecomm, is a leading global
provider of satellite-based managed network solutions. Employing
our expertise in emerging communication technologies we are able to
offer a comprehensive suite of system integration, system products,
and network services enabling a complete end-to-end solution for
our customers. We believe our integrated approach of in-house
design and engineering expertise combined with a world-class global
network and our 24 by 7 network operating centers provides us a
unique competitive advantage. We are now taking this value
proposition to selective vertical markets, including government,
wireless, media, enterprise, and maritime. As a network solution
provider we leverage our global network to provide customers
managed access services to the United States Internet backbone,
video content, the public switched telephone network or their
corporate headquarters, or government offices. We currently have
customers for which we are providing such services in the United
States, Europe, South America, Africa, the Middle East, and
Asia.
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.
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.
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
and most recent Quarterly Report of Form 10-Q, 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,
all of which you should review carefully. Please consider our
forward-looking statements in light of those risks as you read this
press release.
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