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Globecomm Systems (GCOM) - PennyOmega.com Watch List for Monday Sept. 26, 2011
GCOM, Globecomm Systems Inc.
** GCOM has been awarded a contract from a US Government agency valued at $1.9 million dollars. GCOM anticipates the contract to be fully executed in the current fiscal year ending June 30, 2012.
This contract is a combined effort between GCOM's wholly-owned subsidiaries, Globecomm Services Maryland and Cachendo.
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Globecomm Systems Inc. (NASDAQ:GCOM), a leading global provider of communications solutions and services, announced that the Company has been awarded an eight-month managed services contract from a Government prime contractor valued at $7.3 million. The agreement includes two six-month options which if exercised would bring the total contract value at up to $14.5 million.