TeleCommunication Systems Named Sole Awardee on $315 Million Contract to Deliver U.S. Navy Satellite Communications Infrastructu
November 12 2010 - 10:15AM
Marketwired
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world
leader in highly reliable and secure mobile communication
technology, today announced that it has been named as the sole
awardee on an indefinite-delivery/indefinite-quantity (IDIQ)
contract for Military Sealift Command's Next Generation Wideband
commercial satellite communications infrastructure and service. The
contract -- with a $315 million potential value and a guaranteed
first-year minimum of $5 million -- will replace the current MSC
Afloat Bandwidth Efficient Satellite Transport commercial satellite
communications infrastructure. The period of performance is four
years plus four one-year option periods, November 3, 2010 through
November 2, 2018. The Defense Information Systems Agency (DISA),
Defense Information Technology Contracting Organization (DITCO), is
managing the contract activity and selected TCS from a full and
open competitive action.
TCS will provide the U.S. Navy's Military Sealift Command (MSC)
Next Generation Wideband communications with integrated systems and
services for a highly secure, turnkey solution through a proven,
commercial off-the-shelf (COTS) antenna system and comprehensive
wideband satellite coverage. TCS and its supporting partners will
provide MSC with overall contract program management; bandwidth and
managed services; engineering and integration expertise;
information assurance management; and installation, operation and
maintenance services.
"TCS is pleased to be awarded the Military Sealift Command's
Next Generation Wideband contract," said Michael Bristol, senior
vice president and general manager of government solutions at TCS.
"This solution is in direct alignment with TCS' core competencies,
as it requires secure, cost-effective, end-to-end IP communications
pathways linking more than seventy globally deployed ships with MSC
network operation centers. We are fully committed to this
opportunity as the Navy's innovative partner to bring proven
off-the-shelf technology and reliable total
communications-on-the-move solutions in support of their maritime
missions."
The U.S. Navy's Military Sealift Command is the premier provider
of ocean transportation for the Department of Defense. Originally
named Military Sea Transportation Service, MSC was created to
consolidate the Department of Defense's sealift assets and ensure
that the U.S. military would be able to rapidly deploy troops,
equipment and supplies by sea to any location in the world. The MSC
mission has evolved subtly over time -- for instance moving away
from troop transport and moving toward combat logistics support and
humanitarian relief. Through all this, MSC has proven her value
again and again from the Korean War to the Vietnam War to the
events following the September 11, 2001, terrorists attacks on the
United States to tsunami relief efforts in Indonesian and hurricane
relief on the Gulf Coast of the United States.
TCS has established a proven track record for more than two
decades 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, TCS offers
a family of deployable communications solutions, SwiftLink® and
complete end-to-end managed services for converged (IP-based)
voice, video and data solutions to organizations requiring
seamless, highly secure connectivity between fixed sites and remote
operations.
About TeleCommunication Systems, Inc.
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.
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
the contract options will not be exercised, or that the total value
of the contract will not be 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, 2009, and on Form 10-Q
for the quarter ended June 30, 2010.
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.
Company Contact: TeleCommunication Systems, Inc. Meredith
Allen 410-295-1865 Email Contact Media Contact: Welz &
Weisel Communications Evan Weisel 703-218-3555 Email Contact
Investor Relations: Liolios Group, Inc. Scott Liolios
949-574-3860 Email Contact
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