TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in secure and highly reliable wireless communications, today announced that it has received $5 million in incremental funding from the U.S. Army for sustainment of the AN/TSC-198A SNAP (Secret Internet Protocol Router (SIPR) and Non-classified Internet Protocol Router (NIPR) Access Point), Very Small Aperture Terminals (VSATs). Combined with the initial funded contract value of $18.6 million, this brings funding to date to $23.6 million. The ceiling contract value, including funded and unfunded amounts, is nearly $91 million through September 2018, if all options are exercised.
Source: TeleCommunication Systems, Inc.
Date: Oct 21, 2015