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Globecomm Awarded 5-Year $5.5-M Contract from Harris in Support of FAA’s FTI-SAT Program |
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HAUPPAUGE, N.Y., Dec. 22, 2006/Satnews Daily/ ― Harris Corporation has awarded Globecomm Systems Inc. (NASDAQ: GCOM) a five-year Life Cycle Support services contract valued at $5.5 million to sustain the Federal Aviation Administration (FAA) FTI-SAT program.
Globecomm said the contract includes six one-year options following the five-year initial term, valued at $7.2 million, if fully exercised, which would bring the total contract value to $12.7 million.
The Life Cycle Support contract sustains 43 sites previously deployed by Harris and Globecomm as part of the U.S. FAA FTI-SAT program. Life Cycle Support provides turnkey operations and maintenance responsibility including 24/7 help desk and problem resolution, 24/7 dispatch field services and provision of spares.
FTI-SAT replaced legacy satellite equipment at remote FAA sites to support radar, weather, and air/ground communications. The new FTI-SAT network enables the FAA to utilize satellite, microwave or telecommunications technologies, according to Globecomm.
David Hershberg, chairman and chief executive officer, said the multi-year contracts not only provide a foundation for growth, but demonstrate the depth of capabilities of the company as it pursues similar opportunities.
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