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TeleCommunication Systems Receives $16.1 Million Orders for Army Satellite Work

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TeleCommunication Systems [TSYS] recently announced in a press release that it has received $16.1 million of new orders from the U.S. Army to continue to provide satellite communications equipment, engineering support, training and maintenance. The company added that the orders are initially funded at $5.0 million and will be funded up to a total of $16.1 million if the options are fully exercised through July 2012. The U.S. Army Project Manager for the Warfighter Information Network-Tactical (PM WIN-T) Commercial Satellite…

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