Globecomm Awarded US Army GTACS Contracts
HAUPPAUGE, N.Y.--(BUSINESS WIRE)-- Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of communications solutions and services, announced today that the Company has been awarded two Global Tactical Advanced Communications Systems (GTACS) contracts from the US Armys Program Executive Office Command, Control and Communications Tactical (PEO-C3T). Globecomm (GCOM) was awarded contracts for both the Unrestricted Suite of Contracts and for the Small Business Restricted Suite of Contracts (for requirements of $4.5M and less). This multiple award, indefinite delivery / indefinite quantity contract vehicle has a term of five years and a ceiling of $10 billion.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: We are proud to have been selected and entrusted to compete for the future provisioning of mission-critical turn-key communications systems and equipment in support of a host of our Warfighters needs via this contract vehicle. We take pride in always providing quality, cost-effective solutions to all of our customers, but there is no higher honor than to support the men and women out there on the front lines of our Nations defense.
Dwight Hunsicker, Globecomms Vice President of Government Business Development, added: This is a great win for us as well as all of our Teammates who joined Globecomm in the pursuit of this contract. It will be the primary means of the US Army procuring advanced communications solutions for its mission needs as well as for those needs of the National Guard, various Joint Task Forces, and other civilian agencies.
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.
For Globecomm Investor Relations information:
Matthew Byron, Senior Vice President, Corporate Office, 631-457-1301
For Globecomm Public Relations information:
Globecomm Systems Inc.
45 Oser Avenue
Hauppauge, NY 11788
Phone: 631-231-9800; Fax: 631-231-1557
Source: Globecomm Systems Inc.Copyright Business Wire 2012