Globecomm Systems Inc. (GCOM) announced that it has received multiple contracts from a US Government agency valued at $5.0 million. The contracts include options which if exercised would bring the combined value of the contracts up to $7.8 million.
In addition, Globecomm said it has also agreed to a third period of performance completion date extension to its U.S. Army World-Wide Satellite Systems or WWSS Indefinite Delivery Indefinite Quantity or IDIQ contract.
Initially issued as a five-year, $5 billion multiple awards contract in 2006, the period of performance completion date was last extended through July 27, 2013 and is now extended to March 31, 2014, the company stated.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.