Globecomm Receives Contract from NATO Valued at $4.5 Million for GPS-Based Force Tracking System Upgrade
November 13 2012 - 11:59AM
Business Wire
Globecomm Systems Inc. (NASDAQ: GCOM), a leading communications
solutions provider, announced today that the Company has received a
contract from NATO Communications and Information Agency (NCI
Agency) valued at $4.5 million to upgrade the Company’s previously
deployed GPS-Based Force tracking System (FTS) to handle additional
capacity and add additional features.
Globecomm previously announced approximately $61.3 million in
contracts from NATO for this project to design and install a GPS
FTS, bringing the combined contract value to approximately $65.8
million. The FTS provides NATO with high levels of tracking data
and messaging traffic. It enables NATO to identify where its
personnel are located at all times, identify other multi-national
forces and have the ability to do so in routine and operational
situations. This is critical in assisting with the identification
of friendly forces and helps prevent fratricide or “blue-on-blue”
incidents.
Paul Knudsen, Vice President of Globecomm’s Eastern Atlantic
Team, said: “Globecomm has been providing this important service to
this customer for more than 5 years. This upgrade is required to
allow the system to handle additional communications traffic as
well as replace equipment that has reached its’ end of serviceable
life. Globecomm is pleased to continue to support this customer in
providing these critical services.”
About Globecomm Systems
Globecomm Systems Inc., (“we”, “our”, “us” or “Globecomm”), is a
leading global communications solutions provider. Employing our
expertise in emerging communication technologies, including
satellite and other transport mediums, 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 focus this value proposition to
selective vertical markets, including government, wireless, media,
enterprise, and maritime. As a communications solutions 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,
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.
Globecomm Systems (NASDAQ:GCOM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Globecomm Systems (NASDAQ:GCOM)
Historical Stock Chart
From Jul 2023 to Jul 2024