Business Services Industry
PAR Technology Subsidiary Announces $33.0 Million U.S. Navy Contract Award for Satellite Communications
Business Wire, August 21, 2007
NEW HARTFORD, N.Y. -- Rome Research Corporation (RRC), a subsidiary of PAR Technology Corporation (NYSE:PTC), today announced the awarding of a U.S. Navy contract to operate and maintain communications satellite systems for the Naval Satellite Operations Center (NAVSOC), Point Mugu, California. The contract, with all options, is valued at $33.0 million.
With the award of this competitive contract, RRC is charged with managing certain operations at four existing facilities operated by NAVSOC, including locations in Point Mugu, California; Colorado Springs, Colorado; Prospect Harbor, Maine and Finegayan, Guam. NAVSOC is responsible for operating, managing and maintaining a variety of strategically important satellite systems on behalf of the Navy. These satellites provide communications services to military forces worldwide.
"The awarding of this important contract confirms the ongoing effectiveness of our capabilities, and recognition by the Navy of the superior performance of RRC's employees. RRC continues its delivery of innovative, mission-critical I/T services and technologies to support strategic U.S. government operations and military missions around the world," commented Al Lane, President and CEO of PAR's Government Operations. "I want to recognize Senators Hillary Clinton and Charles Schumer for consistently supporting DoD contractors operating within New York state. Senator Clinton, who serves on the Senate Armed Services Committee, communicates regularly with the Department of Defense working to reduce the cost associated with operating military facilities. We appreciate this continued support."
Senator Clinton commented, "I am pleased that Rome Research/PAR Technology Corporation was awarded this important communication contract for the U.S. Navy. This contract enables RRC to serve our national defense and support critical global communication systems by providing state of the art communication services with cutting edge technologies to our nation's military."
ABOUT RRC
Rome Research Corporation, headquartered in Rome, New York, is a growing Information Technology and communication services company that has provided support to the U.S. Department of Defense for over 30 years. The Company has over 500 employees in more than 25 offices throughout the United States, the Pacific, Europe and the Caribbean. Rome Research is considered a leading provider of communications I/T support services to the United States Department of Defense. For more information, visit www.romeresearch.com.
ABOUT PAR TECHNOLOGY
PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence software and hardware to the hospitality industry. PAR develops, markets and supports hardware and software products that improve the ability of hospitality business professionals to make timely, fact-based business decisions. The Company is a premier provider of I/T management solutions to hotel and restaurant companies, with over 45,000 installations worldwide in 105 countries. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and Federal Government Agencies. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company's website at www.partech.com.
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