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News Breaks
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October 14, 2009
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| 10:01 EDT |  | GCOM |
| theflyonthewall.com: | Globecomm announces exercise of $2.3M contract option | | Globecomm Systems announced that the U.S. Army has exercised a $2.3M contract option for the continued production of the Joint IP Modem. The contract was initially valued at $9.9M and included multiple options that if fully exercised over the next 16 months would value the contract at $87M. The exercise of this option now brings the base contract to $17.7M, with $69.3M of options remaining over the next 16 months. :theflyonthewall.com |
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