TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has entered into a contract with the U.S. Army to provide the Microsat family of Very Small Aperture Terminal satellite terminals with associated engineering services. The initial funding on this award is $1.1 million for the base 18-month period starting September 27, 2013. The contract has a total contract value of $14 million, if all options are exercised. This contract was issued under the Global Tactical Advanced Communication Systems and Services (GTACS) contract vehicle. TCS is a prime GTACS contract awardee; GTACS has an estimated ceiling of $10 billion over five years, starting in November 2012.
TCS has a 26-year track record as a proven, trusted provider of communication technology solutions to the government's toughest technical challenges, under conditions that demand the highest level of reliability, availability and security. To ensure mission continuity, TCS TotalCom offers deployable, highly secure communication solutions and complete end-to-end managed services for converged (IP-based) voice, video and data solutions to organizations requiring seamless and secure connectivity between fixed sites and remote operations.
TCS Government Solutions Group President Michael Bristol said: "I am excited about this order, since it is our first award on the new GTACS contract. We are pleased to continue to provide tactical communications and services to support the Army C4I mission."
Source: TeleCommunication Systems, Inc.
Date: Oct 23, 2013