Globecomm Systems Selected to Participate In The U.S. Army Worldwide Satellite Systems $5 Billion Program for The Next Five Years.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 is one of six contractors selected to participate in the U.S. Army's $5 Billion Worldwide Satellite Systems Program (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle) WWSS Warfare and Warfare Support System ) for the next five years. The Defense Communications and Army Transmission Systems and Warfighter Information Network-Tactical Program jointly manage the WWSS. Under the five year $5 billion program, WWSS will bring Government agencies turnkey commercial satellite systems and associated support services for satellite terminals, including all hardware, software, services and data to operate terminals. Besides Globecomm, five other contractors including The Boeing Company, General Dynamics SATCOM Technologies, DSCI DSCI Decision Science DSCI Digital Serial Communications Interface DSCI Doctor of the Science of Creative Intelligence (Maharishi European Research University) DSCI Days Since Co-Op Incident , Telecommunication Systems and Data Path, were each awarded an Indefinite Delivery Indefinite Quantity (IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) ) Contract. As requirements for particular satellite terminals and services arise, the contractors will compete for the individual task orders to be issued under the IDIQ contracts. David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "The WWSS contract award is a significant milestone in the increasing market share for Globecomm in the US Government sector. This contract award assures that Globecomm will continue to be one of the premier companies delivering satellite solutions to all branches of the US Government. The IDIQ contract format opens up the satellite infrastructure and services market to any US Government agency, even those that have not procured these systems and services in the past, and Globecomm will be there to fulfill those needs." 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 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 support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other 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 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, 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. and Afghanistan. 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 Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. and its Current Reports on Form 8-K, 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. Also, we cannot assure investors that we will receive individual task orders under the IDIQ contracts from this government customer. |
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