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Newsat Ltd Announces $5 Million Of New Teleport Contracts

Tuesday, 15 Oct 2013 07:33pm EDT 

Newsat Ltd announced a number of teleport customer contracts signed during the first quarter of fiscal 2014. The new teleport business contracts, to provide satellite communication services across the Middle East and Australasia, are worth $5 million in additional revenue. The $5 million of new teleport business contract wins include: $2.4 million as a sub-contractor supporting a USG systems integrator to provide satellite communication services to a US government agency for a communications network in the PACOM region. NewSat’s contract in support of this US Department of Defense network has a base period along with four one-year option terms, which if exercised, have a total contract value of $2.4 million; 2.1 million of new contracts with a US based systems integrator to provide satellite communications to US government personnel in the Middle East; and Multiple new contracts with systems integrators to provide satellite communications to mining, oil, gas and construction customers across Australia and Papua New Guinea. 

Company Quote

28 Nov 2014