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Satnews Daily
January 3rd, 2011

Globecomm Systems... Prime Placement (SATCOM)


Globecomm Systems Inc. (NASDAQ: GCOM) has been awarded an eight-month managed services contract from a Government prime contractor valued at $7.3 million. The agreement includes two six-month options which if exercised would bring the total contract value at up to $14.5 million. Under the terms set forth in the contract, Globecomm will provide engineering services, managed satellite and terrestrial communications connectivity, and life-cycle support services to the prime contractor who is responsible for the overall deployment of a communications network.