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Strategies & Market Trends : YEEHAW CANDIDATES

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To: ACAN who wrote (22066)1/23/2007 10:59:42 AM
From: Galirayo  Read Replies (1) of 23958
 
[TSYS]
TCS Awarded $10.8 Million Contract for Tactical Satellite Communications Terminals
Tuesday January 23, 10:53 am ET

ANNAPOLIS, MD--(MARKET WIRE)--Jan 23, 2007 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News) today announced it has been awarded a contract by the U.S. Army Communications-Electronics Lifecycle Management Command contracting authority at Ft. Monmouth, N.J., valued at $10.8 million for satellite communications terminals and maintenance that will be used in support of the Military Transition Team (MiTT). The requirement for equipment to support MiTT is part of a three-year, indefinite delivery/indefinite quantity contract with a potential total value of over $29 million if all options are exercised. The initial contract delivery is scheduled for completion this quarter and next followed by 36 months of logistical support.

biz.yahoo.com
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