TCS wins $8m contract from Northrop Grumman to support the Navy.TeleCommunication Systems, Inc. (TCS (Transportation Control System) A widely used integrated information system for railroad transportation developed by the Missouri Pacific Railroad Company in the late 1960s and early 1970s. It was later implemented by Union Pacific when the companies merged. ) (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 :TSYS TSYS Total System Services, Inc. ), a global provider of location and messaging software and E9-1-1 services for wireless carriers, and an expert in highly reliable and secure communications systems for government customers, today announced it has been awarded an $8 million contract from Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Information Technology (IT) to provide engineering and program management support to the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. . This contract award is part of a ten-year, $80 million contract award to a Northrop Grumman IT-led team to provide support to the U.S. Navy's Naval Sea Systems Command The Naval Sea Systems Command (NAVSEA) is the largest of the U.S. Navy's five "systems commands," or materiel organizations. NAVSEA consists of four shipyards, eight "warfare centers" (two undersea and six surface), four major shipbuilding locations and the NAVSEA headquarters, . The contract extension calls for the team to provide continued assistance in the transfer and subsequent in-country support of decommissioned ships to foreign navies. As part of this team, TCS will have the opportunity to market additional work as a result of this contract, potentially increasing its value. Through this award, the United States Navy extends its twelve-year trusted relationship with TCS and in doing so, continues to utilize the expertise of the company in program management support. "TCS has a long history of supporting the United States Navy and is proud to team with Northrop Grumman IT as we assist the Navy in its preparation of decommissioned ships for transfer," said Maurice B. Tose, chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TCS. "This contract provides TCS with a steady revenue stream and an excellent opportunity to increase our visibility with foreign nations," he added. TeleCommunication Systems, Inc. (TCS)(NASDAQ:TSYS) is a provider of software and solutions to wireless telecommunication carriers and to government customers requiring high reliability and security. The company's Network Applications segment is a global leader in wireless location-enhanced messaging, including E9-1-1 service to the largest US wireless carriers. The Solutions segment enables rapid deployment of fixed and transportable communications systems using wireless, satellite, and terrestrial networks. TCS is a technology provider to leading wireless carriers worldwide including Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. , Vodafone, Cingular, Hutchison 3G and Telefonica as well as federal, state, local, and international government customers. TCS makes connections that matter. Whether connecting people with voice, data or video in a wireless world or connecting our customers and shareholders with long-term value, TCS delivers competitive, reliable and secure products, services and solutions to meet these needs. |
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