From the Wires
TeleCommunication Systems Named Awardee on $10 Billion Global Tactical Advanced Communication Systems and Services Contract
Multi-Year Program Enables Department of Defense Agencies to Purchase TCS' Turnkey Satellite Systems and Associated Support Services
By: PR Newswire
Nov. 5, 2012 07:30 AM
ANNAPOLIS, Md., Nov. 5, 2012 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced it has been selected as one of 20 awardees under the Global Tactical Advanced Communication Systems and Services (GTACS) contract. The multiple-awardee, Indefinite Delivery – Indefinite Quantity (IDIQ) vehicle has an estimated ceiling of $10 billion over five years.
This contract enables DoD agencies to purchase TCS' turnkey family of deployable satellite systems and associated support services for the Warfighter Tactical Communications Systems and Services (WTCSS) through the Department of the Army, Assistant Secretary for Acquisition, Logistics, and Technology, Program Executive Office Command, Control, Communications-Tactical (PEO C3T's), Special Projects Office, Northeast Regional Response Center (NRRC).
For the past 25 years, TCS has established a proven track record as a trusted provider of communication technology solutions to solve the government's toughest technical challenges, under conditions that demand the highest level of reliability, availability and security. To ensure mission continuity and to meet the need for more flexible, mobile wireless services, 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 around the world.
TCS Senior Vice President and General Manager of Government Solutions, Michael Bristol said, "This is very exciting news for TCS. This contract is the successor to the World-Wide Satellite Systems (WWSS) contract vehicle. WWSS transformed TCS into a major defense integrator of deployable C4ISR communication systems. GTACS has twice the ceiling of WWSS and an expanded scope of work. This award gives DoD agencies the opportunity to purchase TCS' TotalCom solutions, consisting of deployable SATCOM and baseband equipment, as well as field support staff and other related services in order to strengthen their vital mission of protecting our nation. TCS looks forward to supplying our current and new DoD customers for the next five years via this contract."
About TeleCommunication Systems, Inc.
Except for the historical information contained herein, this news release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties and are based upon TCS' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include without limitation the possibility that TCS will not win task orders under the contract, that orders do not get fully funded, and those detailed from time to time in the Company's SEC reports, including the reports on Form 10-K for the year ended December 31, 2011, and on Form 10-Q for the quarter ended June 30, 2012.
Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.
SOURCE TeleCommunication Systems, Inc.
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