Norsat Partners With Arrowhead on Major U.S. Navy Win
Norsat's Portable Satellite Systems Now Available Through SPAWAR Contract
CHARLESTON, SC, Aug 15, 2006 (MARKET WIRE via COMTEX) -- Norsat International Inc. (OTCBB: NSATF) announced today that in partnership with Arrowhead Global Solutions, the companies have been awarded an indefinite-delivery/indefinite-quantity contract for portable satellite communications terminals by the United States Navy's Space and Naval Warfare Systems (SPAWAR).
The contract has a one-year base and four one-year option periods. Providing all options are exercised, the contract will continue through July 2011. The aggregate value of all delivery orders awarded over the life of the contract is estimated to be $52.6 million.
The companies are one of five selected vendor groups which will compete on task orders under this contract. There are five types of portable satellite terminals which are to be provided including: 1.0m Suitcase terminals, 1.0m Transit Case terminals, 1.0m Roof Mount terminals, 1.2m Transit Case terminals and 1.2m Roof Mount terminals.
"The SPAWAR contract is a significant award for Norsat as this gives us an opportunity to be a major provider of portable satellite communications terminals to the U.S. defense market," said Bill Coyne, President and CEO, Norsat International.
"Arrowhead worked with Norsat to develop a premium solution for the U.S. Navy and other government customers," said Arrowhead's founder and chairman, Mary Ann Elliott. She added, "SPAWAR's portable SATCOM program will expand Arrowhead's support for important communication needs of our military and their special operations around the world."
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