TeleCommunication Systems Named Awardee on $48 Million Command, Control, Communications and Computer Support Contract
July 11, 2013 at 12:00 AM EDT
Note: Comtech Acquired TCS on 2/23/2016
ANNAPOLIS, Md., July 11, 2013 /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 six awardees under a Command, Control, Communications and Computer (C4) Support contract. The multiple-awardee, Indefinite Delivery – Indefinite Quantity (IDIQ) vehicle has an estimated ceiling of $48 million over three years, with a maximum award to each awardee of $8 million, unless amended higher by the contracting officer.
This contract enables Department of Defense agencies to purchase TCS' family of C4 support services, including systems analysis support, systems integration support and operational systems support.
Individual task orders will be awarded through the Department of the Army, Program Executive Office, Enterprise Information Systems (PEO EIS).
This contract replaces the Integration, Production, Training and Lifecycle Sustainment Support on C4 Communications System for Tactical & Wideband/Vehicular/Shipboard & Aircraft Platforms contract and options.
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 Government Solutions Group President Michael Bristol said: "TCS has enjoyed a good working relationship with the PEO EIS for several years, with exceptional past performance on previous task orders on similar IDIQs. This contract is further proof that our C4 support, which we provide at a competitive cost, is meeting the government's needs. TCS was an awardee under the previous contract, and we look forward to continuing our efforts for the next three years."
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) is a world leader in highly reliable and secure mobile communication technology. TCS infrastructure forms the foundation for market leading solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS is at the forefront of new mobile cloud computing services providing wireless applications for navigation, hyper-local search, asset tracking, social applications and telematics. Millions of consumers around the world use TCS wireless apps as a fundamental part of their daily lives. Government agencies utilize TCS' cyber security expertise, professional services, and highly secure deployable satellite solutions for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world. To learn more about emerging and innovative wireless technologies, visit www.telecomsys.com, follow TCS@TeleComSys on Twitter or like TCS on Facebook.
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, 2012, and on Form 10-Q for the quarter ended March 31, 2013.
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.
Media Contact for Comtech Telecommunications Corp.:
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
(631) 962-7103 Info@comtechtel.com