Globecomm adds $8M to NATO contract
David E. Hershberg, chief executive and chairman, Globecomm Systems Inc., satellite communications, Hauppauge. Total compensation, as reported, $968,671. Credit: Joseph D. Sullivan, 2010
The Hauppauge defense and satellite communications maker Globecomm Systems Inc. has an $8.8 million contract extension to supply its blue-force tracking system to a NATO agency.
The battlefield friend-or-foe communications network "helps prevent fratricide or 'blue-on-blue' incidents," Globecomm said in a Tuesday news release.
NATO's communications and information systems agency awarded the contract extension, a segment of a multi-year deal. Under its terms Globecomm will provide "communication services and onsite support for the company’s previously deployed GPS-Based Force tracking System," the company announcement said.
Globecomm in February announced that it had garnered about $52.5 million in contracts from NATO to design and install a GPS force tracking system, bringing the combined contract value, after Tuesday's announcement, to about $61.3 million.
The system "enables NATO to identify where its personnel are located at all times, identify other multi-national forces and have the ability to do so in routine and operational situations," the company said.
In early trading Tuesday Globecomm shares were up $0.48 to $12.43, on light volume. Its 52-week range is $8.96-$16.43.
Photo shows David E. Hershberg, chief executive and chairman, Globecomm Systems Inc.
Rain, snow, sleet for morning commute ... Sentencing in body parts case ... Thomas Valva's mother agrees to settlement ... When Springsteen brought 'Santa' to LI
Rain, snow, sleet for morning commute ... Sentencing in body parts case ... Thomas Valva's mother agrees to settlement ... When Springsteen brought 'Santa' to LI
