Globecomm Inks $4.7 Million In New Contracts
Globecomm Systems [Nasdaq: GCOM] has won two satellite infrastructure contracts from repeat customers valued at $4.7 million. Globecomm didn’t reveal the names of the repeat customers. The company will provide one of the clients with a turnkey Intelsat standard C earth station and upgrade an existing Intelsat standard E2 terminal. Under the terms of the second contract, Globecomm will expand the customer’s network in the Caribbean. Globecomm anticipates completion of both projects in 12 months.