HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Nov. 10, 2009-- Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of satellite-based communications infrastructure solutions and services, announced today that the Company has been awarded a contract from a U.S. Government Agency under the Commercial SATCOM Terminal Program (CSTP) which is part of the Project Manager (PM) Warfighter Information Network-Tactical (WIN-T) and Program Executive Office: Command, Control and Communications Tactical (PEO C3T) under the World Wide Satellite Systems (WWSS) Program to provide global SATCOM On-The Move (OTM) communications. The contract is valued at $17.7 million with options for significant additional quantities and services. Globecomm Systems will lead this effort for the U.S. Government providing program management and services. The Linkabit division of L-3 Communications (NYSE: LLL) will work with Globecomm Systems as a subcontractor responsible for development and production of the terminals.
Pursuant to the terms set forth in the contract, Soldier Node Extension Prophet (SNEP) Satellite Terminals will be integrated, configured, and delivered along with training and logistical support services. The SNEP will operate in a hub-spoke and mesh architecture to provide beyond line-of-sight range extension to OTM users. The SNEP will employ the MPM1000 Net Centric Waveform Satellite Modem to provide Multi-Frequency-Time Division Multiple Access Bandwidth on demand technology for tactical mobile operations.
The SNEP terminals shall operate on commercial Ku band and military Ka band on the Wideband Global Satellite (WGS) Systems. The SNEP terminals are capable of providing global SATCOM On-The-Move communications and when deployed they will interoperate with commercial and military hub terminals employed in various modes of operation.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "This is a very important contract for Globecomm and represents a strategic entrance for Globecomm into Satellite Communications-on-the-Move systems. We are also very pleased to be working with L-3 Linkabit, further extending our relationship from other projects. This contract leverages Globecomm's position as a WWSS prime contractor, its program management and satellite communications engineering know-how and L-3 Linkabit product development of state of the art solutions for the warfighter. While the competitive landscape for this procurement dictated a deviation from our normally demonstrated margins, we are excited to have the opportunity to become a major supplier in a new market and to work closely with L-3."
"Linkabit provides multiple, turn-key, off the shelf terminal solutions that enable mobile and halted forces to collaborate, access GIG resources and exchange voice, data and video in a tactical environment," said Elissa Seidenglantz, Vice President of Business Development and Strategy for L-3 Linkabit. "We are very proud to be part of the Globecomm team to provide this vital capability."
About L-3 Linkabit
San Diego-based L-3 Linkabit provides system design, development, manufacture, integration and life-cycle support of classified and unclassified military and commercial air, sea, fixed and mobile ground information systems.
To learn more about L-3 Linkabit, please visit the company's Web site at www.L-3Com.com/Linkabit.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2008 sales of $14.9 billion.
To learn more about L-3, please visit the company's Web site at www.L-3Com.com.
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 products, 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, Maryland, New Jersey, the Netherlands, Hong Kong, Germany, Singapore, the United Arab Emirates and Afghanistan.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on management's current expectations and observations. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to certain risks, uncertainties and assumptions that are difficult to predict. Our forward-looking statements are based on the information currently available to us and speak only as of the date of this press release. Over time, our actual results, performance or achievements may differ from those expressed or implied by our forward-looking statements, and such differences might be significant and materially adverse to our security holders.
We have identified some of the important factors that could cause future events to differ from our current expectations and they are described in our most recent Annual Report on Form 10-K and most recent Quarterly Report of Form 10-Q, including without limitation under the captions ''Risk Factors'' and ''Management's Discussion and Analysis of Financial Condition and Results of Operations,'' and in other documents that we may file with the SEC, all of which you should review carefully. Please consider our forward-looking statements in light of those risks as you read this press release.
Source: Globecomm Systems Inc.
Globecomm Systems Inc.David Hershberg, 631-231-9800
Chairman and Chief Executive Officer
or
Matthew Byron, 631-457-1301
Vice President, Corporate Office
ir@globecommsystems.com
www.globecommsystems.com