Globecomm Systems (GCOM) Awarded Gov. Contracts Worth Up to $7.8M

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Globecomm Systems Inc. (NASDAQ: GCOM) has been awarded multiple contracts from a US Government agency valued at $5.0 million. The contracts include options which if exercised would bring the combined value of the contracts up to $7.8 million.

In addition, Globecomm has agreed to a third period of performance completion date extension to its U.S. Army World-Wide Satellite Systems (WWSS) Indefinite Delivery Indefinite Quantity (IDIQ) contract. Initially issued as a five-year, $5 billion multiple awards contract in 2006, the period of performance completion date was last extended through July 27, 2013 and is now extended to March 31, 2014.

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