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Globecomm Systems wins $27M satellite contract
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HAUPPAUGE, N.Y. - Globecomm Systems Inc. said Tuesday it won a contract worth as much as $27 million to build satellite ground terminals.
Matthew Byron, a spokesman for the satellite communications company, said Globecomm cannot disclose who awarded the contract under the terms of the deal, except to say it was from a multi-national organization.
Globecomm said it does not expect to earn much from the deal in the current fiscal year, which ends in June.
The company's annual revenue for 2008 totaled $196.5 million.
In afternoon trading, Globecomm's shares fell 26 cents, or 3.4 percent, to $7.53.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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