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HNS Signs Contracts With GTECH Worth $24M
Hughes Network Systems (HNS), a unit of Hughes Electronics [NYSE: GMH] that provides broadband satellite services, has signed two technology and service contracts valued at $24 million with GTECH [NYSE: GTK].
Under a seven-year technology contract, HNS will expand upon GTECH’s two dedicated satellite hubs to support 9,300 new units of its DirecWay 4020 satellite terminals. The addition of these units brings the total count of HNS-equipped GTECH terminals to 16,300 since December. Along with the technology contract, GTECH signed a new 10-year service agreement with HNS.
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