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SpatialNews.com Press Release
Globecomm Systems Receives $13.1 Million Notice of Award from NATO for Additional Systems
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Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end value-added satellite-based communications solutions, announced today that the Company has received a $13.1 million notice of award from NATO to provide additional systems in support of a multi-national global positioning satellite-based (GPS) friendly force tracking system (FTS).
Globecomm previously announced a $7.8 million contract from NATO to design and install a GPS FTS, bringing the combined contract value to $20.9 million. The FTS provides NATO with high levels of tracking data and messaging traffic. It enables NATO to identify where its personnel are located at all times, identify other multi-national forces and have the ability to do so in routine and operational situations. This is critical in assisting with the identification of friendly versus enemy forces and helps prevent fratricide or "blue-on-blue" incidents.
The system is operational and the Company will now expand the system's reach into hundreds of additional vehicles.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "We are thrilled to have demonstrated the broad range of systems integration capabilities to NATO and very excited about this expansion of the system. NATO is an important customer and this is a very critical project. Globecomm intends to assure that they continue to recognize the high quality of work and professionalism the Company possesses. The Company intends to vigorously pursue additional NATO opportunities we have identified."
About Globecomm Systems
Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom, the United Arab Emirates and Afghanistan.
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