logo
  Join        Login             Stock Quote

Globecomm Systems (GCOM) Receives Service Contract from U.S. Government Agency

 November 29, 2012 02:24 PM
 


(By Balaseshan) Globecomm Systems Inc. (NASDAQ: GCOM), which provides satellite-based managed network solutions, said it has received option year two of a five year service contract worth $6.8 million from a U.S. government agency.

This contract is a combined effort between Globecomm's wholly-owned subsidiaries, Globecomm Services Maryland, Globecomm Europe and Cachendo.

Globecomm previously announced about $6.0 million in contracts from this U.S. government agency, bringing the combined contract value to about $12.8 million.

Under the terms of the contract, Globecomm will provide in-country field engineers, IT services via its teleport facility, voice-over-IP, satellite television, WAN optimization, program management, operations and maintenance, storage, distribution, and network connectivity.

[Related -Globecomm Systems (GCOM) Receives Broadband Wireless System Technology Contract]

The company offers a range of system integration, system products and network services for its customers. It provides end-to-end satellite-based communications solutions. It supplies infrastructure solutions for satellite-based communications, including hardware and software to support a range of satellite systems.

Based in Hauppauge, New York, Globecomm also maintains offices in Maryland, New Jersey, Virginia, the Netherlands, South Africa, Hong Kong, Germany, Singapore, the United Arab Emirates and Afghanistan.

GCOM is trading up 1.81 percent at $11.79 on Thursday. The stock has been trading between $9.44 and $16 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChina's Cunning Plan To Revive Growth

By now, we all know the story of China's troubles. China achieved its stunning growth through a combination read on...

article imageA Mild Improvement For The US Macro Trend In May… So Far

How’s that second-quarter rebound working out for the US? It’s still a shaky affair, but there are signs read on...

article imageThe Future Of Banking Is Now On Sale

The initial public offering class of 2014 was surely an elite group. 275 companies raised a combined $85 read on...

article imageTextbook Arc Rounded Reversal for High Flying Airlines

A beautiful chart pattern played out on two airline stocks – Southwest and United read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.