Satnews Daily
February 16th, 2009

GlobeComm's Latest $13.7 Million Contract


GSI GlobeCom Globecomm Systems Inc. [NASDAQ: GCOM], announced that the Company's wholly-owned subsidiary, Globecomm Services Maryland, has received a one-year service contract from a major U.S. Government prime contractor valued at $13.7 million.

On January 2, 2008, Globecomm announced that it was awarded a service contract renewal from a major U.S. Government prime contractor valued at up to $42.4 million over four years, if all options are exercised, to provide satellite, data, voice and microwave services to several locations in the Middle East, Africa and Asia as well as certain Pacific and Caribbean islands. The scope of work specified that Globecomm would provide fully managed engineering support, teleport services, and equipment, complete with installation and maintenance.

Each option year requires incremental funding and includes additional options to increase the scope of work for both locations and services offerings. This $13.7 million contract has been issued under the previously announced multi-year contract, is fully funded and includes a significant increase in scope over the base contract.

Bill Raney, Globecomm Senior Vice President, said: "It is an honor to be able to continue our services in support of the U.S. Diplomatic mission and the Foreign Service community."

Keith Hall Senior Vice President, General Manager of Globecomm Network Services noted: "Globecomm continues to grow both its capability and reputation as a Tier 1 Global Managed Network Services Provider. As a value added offering to our core Satellite Transport services, Globecomm provides a full range of Life Cycle Support services. Our Life Cycle services are supported by a global network of qualified technicians enabling highly professional, technical and responsive support handling activities such as implementation, preventive and corrective maintenance, and a full range of 24 x 7 technical support services. Globecomm currently supports over 4,000 locations globally with the ability to provide 4-hour on site responsiveness. Providing our customers with the highest level of technical onsite support services is a core mission of Globecomm and we look forward to servicing this community for many years to come."