Satellite Technology Feature Article
March 09, 2010
Satellite Co. Awarded $34 Million Increase by U.S. Government Contractor
By Erin Harrison, Senior Editor
A global provider of satellite-based communications infrastructure solutions and services announced today that the company’s subsidiary has received a $34 million-plus increase in the a four-year contract from a major U.S. Government prime contractor.
Globecomm Systems (News - Alert) has been notified of a contract extension worth $34.2 million, the Hauppauge, N.Y.-based satellite communications company said Tuesday. The contract is valued at up to $127 million over four years, according to Globecomm officials.
The original contract amount was $42.4 million; with the extension, $70 million has been authorized by the customer during the first three years of the contract, leaving the option to extend by another $57 million for a fourth year.
Under the agreement, the company will provide satellite earth stations and services. Company officials said it will also provide technical support services to multiple locations in the Middle East, Africa, Asia and certain Pacific and Caribbean islands.
Shares of Globecomm Systems Inc. gained 7 cents to $8.02 in afternoon trading, the Associated Press (News - Alert) reported on Tuesday.
Erin Harrison is a senior editor with TMCnet, primarily covering telecom expense management, politics and technology and Web 2.0. She serves as senior editor for TMC's print publications, including "Internet Telephony", "Customer Interaction Solutions", "Unified Communications (News - Alert)" and "NGN" magazines. Erin also oversees production of TMCnet's weekly iPhone e-Newsletter. To read more of Erin's articles, please visit her columnist page.
Edited by Erin Harrison
