Globecomm Systems Awarded Ka-Band Infrastructure
Contract from a Foreign Government Valued at Up
to $8.0 Million
16 June 2008
Globecomm Systems Inc. has
been awarded an infrastructure contract from a
foreign government valued at up to $8.0 million.
Globecomm has received a
contract to design and install multiple Ka
frequency band-enabled antennas and related
subsystems for a foreign government. The Company
has received initial funding in the amount of
$4.9 million and anticipates completing the
project within the next 12 months.
Dave Hershberg, Chairman
and CEO of Globecomm, said, “This
is a very important contract for Globecomm as we
are making investments in both Ka and X
frequency bands as domestic and foreign
governments ramp up their transition from the
more widely used C and Ku band frequencies.”
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