Globecomm (GCOM) Receives $8.8M Contract from NATO NCI Agency

January 28, 2013 10:16 AM EST
Get Alerts GCOM Hot Sheet
Trade GCOM Now!
Join SI Premium – FREE
Globecomm Systems, Inc. (Nasdaq: GCOM) has received a contract from NATO Communications and Information Agency (NCI Agency) valued at $8.8 million to upgrade the Company’s previously deployed GPS-Based Force tracking System (FTS) to handle additional capacity and add additional features.

Globecomm previously announced approximately $65.8 million in contracts from NATO for this project to design and install a GPS FTS, bringing the combined contract value to approximately $74.6 million. The FTS provides NATO with high levels of tracking data and messaging traffic. It enables NATO to identify where its personnel are located at all times, identify other multi-national forces and have the ability to do so in routine and operational situations. This is critical in assisting with the identification of friendly forces and helps prevent fratricide or “blue-on-blue” incidents.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News

Add Your Comment