TeleCommunication Systems Awarded $6.8 Million Contract to Supply Maritime Satellite Systems and Support to the U.S. Army
TCS Contract Acquired under Army GTACS IDIQ Vehicle
ANNAPOLIS, Md., Feb. 5, 2014 /PRNewswire/ -- 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 maritime-stabilized VSAT satellite systems with associated engineering services, part of a comprehensive TCS TotalCom® solution. The contract has a total value of $6.8 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.