On Friday, mobile communications technology company TeleCommunication Systems, Inc. announced that it has been awarded a $16.1 million contract to perform engineering work on the U.S. Marine Corps' Wireless Point to Point Link systems as part of the Pentagon's larger $5 billion World-Wide Satellite Systems (WWSS) contract.
TCS's role under the new contract will be to supply engineers to upgrade the USMC's control facilities, data centers, and tactical communications systems. While at $16.1 million, the contract amounts to about 3.3% of the revenues TCS generates in a year, no specific time frame was stated for when this work will be performed.
Despite the contract win, TeleCommunication Systems shares are trading lower Friday, down 1.7%, at $2.27.
The article TeleCommunication Systems Wins $16.1 Million USMC Contract originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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