[SatNews] More revenue from a contract reworking…
Globecomm Systems Inc. (NASDAQ: GCOM has been awarded a contract amendment from a multi-national organization for transportable satellite ground terminals, valued at approximately $2.4 million. This contract amendment changes the technical solution for the vehicles supplied under this contract. Globecomm previously announced approximately $29.5 million in contracts for the design and development of the system, bringing the combined contract value to approximately $31.9 million. Globecomm has recognized $5.8 million in revenue under the contract.
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