Globecomm Into Foreign Affairs

Globecomm Systems Inc. (NASDAQ: GCOM) has been awarded an infrastructure contract from a foreign government valued at up to $8.0 million. The contract is to design and install multiple Ka- frequency band-enabled antennas and related subsystems for a foreign government. The initial funding is in the amount of $4.9 million and Globecomm anticipates completing the project within the next 12 months. Dave Hershberg, Chairman and CEO of Globecomm, said, “This is a very important contract for Globecomm as we are making investments in both Ka- and X- frequency bands as domestic and foreign governments ramp up their transition from the more widely used C- and Ku- band frequencies.”