Globecomm Systems Selected by Raytheon to Support the National Weather Service's Advanced Weather Interactive Processing System.HAUPPAUGE, N.Y. -- Globecomm Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GCOM GCOM General Council on Ministries (United Methodist Church) GCOM Graphic Communications (course) GCOM Global Change Observation Mission ), a global provider of end-to-end satellite-based communications solutions, today announced that the Company has been selected by, and received a notice of intent to award a subcontract from, Raytheon Company (NYSE NYSE See: New York Stock Exchange :RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal ) to support the National Weather Service's Advanced Weather Interactive Processing System The Advanced Weather Interactive Processing System (AWIPS) is a technologically advanced information processing, display, and telecommunications system that is the cornerstone of the United States National Weather Service's (NWS) modernization and restructuring. (AWIPS AWIPS Advanced Weather Interactive Processing System AWIPS Automated Weather Interactive Processing System ). The Company anticipates that the subcontract would be for a five-year term and be valued at $5 Million. The subcontract would include an additional five years in follow-on options, which if exercised would bring the total contract value to more than $11 Million. Each of these terms is subject to negotiation of the subcontract terms. E[acute accent]AWIPS is an interactive data processing system that integrates all meteorological and hydrological hy·drol·o·gy n. The scientific study of the properties, distribution, and effects of water on the earth's surface, in the soil and underlying rocks, and in the atmosphere. data, and all satellite and radar data and enables the forecaster to prepare and issue more accurate and timely weather forecasts and warnings. Raytheon Information Solutions won a ten-year contract worth up to $300 million for the operations and maintenance, optional product improvements, and software maintenance and support of AWIPS. Raytheon selected Globecomm as a key contractor to support the satellite broadcast network (SBN SBN Society for Behavioral Neuroendocrinology SBN Standard Book Number (now ISBN) SBN Strontium Barium Niobate SBN Site Builder Network SBN Sociedade Brasileira de Neurocirurgia (Brazilian Society of Neurosurgery) ), which includes satellite datacasting operations and National Weather Office site satellite equipment maintenance. E[acute accent]David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "Raytheon's confidence in Globecomm Systems to be responsible for such a critical part of the National Weather Service's AWIPS program is a testimony to Globecomm's proven track record in supporting mission- critical networks." E[acute accent]Ken Miller, President of Globecomm Systems Inc., said, "For the next ten years, Globecomm expects to work closely with Raytheon in assuring that the SBN part of the AWIPS program remains on the cutting edge as technology advances. We look forward to negotiating the subcontract terms and working with the Raytheon team on this program. We hope to expand our relationship into other areas with Raytheon where Globecomm's satellite expertise complements the broad range of capabilities Raytheon possesses." E[acute accent]About Globecomm Systems E[acute accent]Globecomm Systems Inc. provides end-to-end value-added satellite-based communication solutions by leveraging its core satellite ground segment systems and network capabilities, with satellite communication services capabilities. The solutions Globecomm offers include satellite-based "next generation" networks, militarized mil·i·ta·rize tr.v. mil·i·ta·rized, mil·i·ta·riz·ing, mil·i·ta·riz·es 1. To equip or train for war. 2. To imbue with militarism. 3. To adopt for use by or in the military. commercial off the shelf products and services, voice over Internet Protocol (VoIP), video broadcast, business recovery, satellite-based terrestrial restoral, content delivery and other networks on a global basis. Globecomm's customers include communications service providers, commercial enterprises, Internet Service Providers, content providers and government and government-related entities. E[acute accent]Based in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. , Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom and the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. . E[acute accent]Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Reports for the year ended June 30, 2005 on Form 10-K and its Quarterly Reports on Form 10-Q, which the Company urges investors to consider. These risks and other factors include, but are not limited to general and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan. The terms of the subcontract described in this release have not been negotiated and we cannot assure investors that the final subcontract will not vary from those described above. |
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