Globecomm Systems Receives Multiple Contracts From A US Government Agency

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8/20/2012 1:45 PM ET

Globecomm Systems Inc. (GCOM: Quote) 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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