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Globecomm Awarded Multiple $4.2-M Contracts from a Global Organization |
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HAUPPAUGE, N.Y., June 13, 2005/Satnews Daily/ — Globecomm Systems Inc. (NASDAQ: GCOM) has been awarded multiple contracts from an existing customer valued at approximately $4.2 million.
The customer has previously awarded Globecomm an $8.3 million contract for fixed and transportable earth station terminals, which included $26.7 million in follow-on options. Under the terms of that contract, the global multilateral organization customer previously exercised $14.4 million in follow-on options, and has now exercised an additional $3.8 million and has the right to exercise an additional $8.5 million.
Under a separate Indefinite Delivery/Indefinite Quantity contract, Globecomm said this customer previously exercised $1.9 million, has now exercised an additional $0.4 million and has the right to exercise an additional $2.5 million.
Recent Stories: Globecomm Awarded Two Network Services Contracts Valued at $1.6 Million Globecomm Launches 0.77 Meter Auto-Explorer Broadband Terminal Globecomm Systems Awarded 2 Contracts Valued at $2.1 Million |
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