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Stock Market & Financial Investment News

News Breaks
August 13, 2014
08:08 EDTTSYSTeleCommunication Systems receives U.S. Army order for $10M in 3T systems
TeleCommunication Systems has received a delivery order from the U.S. Army for equipment and maintenance of Tactical Transportable Troposcatter, or 3T, Systems. The initial funded value is $5.3M for the period from August 2014 through February 2016, and the ceiling contract value, including funded and unfunded amounts, is nearly $10M.
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September 11, 2014
08:02 EDTTSYSTeleCommunication Systems awarded $13.7M contract by U.S. Marines Corps
TeleCommunication Systems announced that the Defense Information Systems Agency has exercised the first option year period under which TCS will continue to provide Ku satellite bandwidth, terrestrial support and 24-hour support services for the U.S. Marine Corps' Tactical Satellite Communications Network. The additional $13.7M funding covers the first option year term, for the period from August 1, 2014 through July 31, 2015. The CS2 contract has a base term of three years, ending August 2015 with two subsequent one-year option terms.

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