[SatNews] Already dealing with a generous contract, an additional amount brings the total to...
Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of communications solutions and services, announced today that the Company has received a contract modification from a Multinational organization (“the customer”) valued at approximately $3.1 million. Globecomm previously announced approximately $32 million under this contract from the customer. This contract modification brings the combined contract value to $35.1 million.
Pursuant to this contract modification, Globecomm will provide the customer with one additional ground terminal, the provisioning of spare parts, tools and test equipment and additional test support.
The original contract included the design and development of the overall system, including:
- Production and integration of new ground terminals and upgrade kits for existing terminals.
- Management of the project.
- Testing and hand-over of the systems.
- Supply of tools and test equipment.
- Supply of documentation.
- Training of users and maintainers.
Paul Knudsen, Vice President of Globecomm’s Eastern Atlantic Team, said, “This contract amendment results from long term dedication in developing a state of the art satellite communication system for the customer. This enables Globecomm to provide additional support for the original systems ordered, as they are deployed, and provides for the delivery of one additional terminal.”