XTAR Awarded a GSA Schedule Contract for Information Technology Services(Rockville, MD., November 5, 2007) -- XTAR, LLC, a joint venture between Loral Space & Communications (NASDAQ: LORL) and HISDESAT, today announced that it has received a contract from the U.S. General Services Administration, Federal Acquisition Service for Information Technology Equipment, Software, and Services (FSC Group 70). The contract has an unlimited spending ceiling and may be used by any federal, state or local agency to acquire XTAR's high-powered X-band bandwidth and services.
Denis Curtin, chief operating officer of XTAR, hailed the GSA award as a significant milestone for XTAR. "This award will make it easier for military branches and government agencies to procure much needed bandwidth to meet warfighter communications needs, as well as for homeland and border security. We are very pleased that our proven high-performance X-band system has been awarded this important GSA schedule contract."
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Source : Loral Space & Communications Inc.