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[Via Satellite 10-16-13] NewSat Limited has announced a number of significant teleport customer contracts signed during the first quarter of FY14. The new teleport business contracts, to provide satellite communication services across the Middle East and Australasia, are worth $5 million in additional revenue and are incremental to the Company’s existing customer base.
Among the contracts signed is a deal as a sub-contractor supporting a USG systems integrator to provide satellite communication services to a U.S. government agency for a communications network in the PACOM region. NewSat’s contract in support of this U.S. 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.
NewSat also won $2.1 million in new contracts with a U.S.-based systems integrator to provide satellite communications to U.S. government personnel in the Middle East; and signed multiple new contracts with systems integrators to provide satellite communications to mining, oil, gas and construction customers across Australia and Papua New Guinea.
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