PAR Technology Corporation Subsidiary Announces $21 million U.S. Navy Award in Djibouti, Africa

Rhea-AI Summary

PAR Technology Corporation (NYSE: PAR) announced a $21 million contract award from the U.S. Navy for its subsidiary Rome Research Corporation (RRC). This five-year deal focuses on operations and maintenance support at Camp Lemonnier, Djibouti, vital for Department of Defense communications across Africa. RRC has been supporting this facility since 2012 and has received 'Exceptional' Contractor Performance Ratings over the past decade. The contract signifies ongoing commitment to enhancing operational effectiveness for U.S. warfighters.

Positive

• Awarded a $21 million contract from U.S. Navy for five years, enhancing revenue stability.
• Continued partnership with Camp Lemonnier since 2012 signifies strong operational track record.
• Achieved 'Exceptional' Contractor Performance Ratings, indicating high quality of service.

Negative

• None.

NEW HARTFORD, N.Y.--(BUSINESS WIRE)-- PAR Technology Corporation (NYSE: PAR) today announced that the U.S. Navy has awarded its subsidiary, Rome Research Corporation (RRC), a five-year $21 million contract to provide uninterrupted operations and maintenance (O&M) support at Camp Lemonnier, Djibouti, Africa, providing over 90% of Department of Defense (DoD) communications for the entire continent of Africa. RRC has supported the Camp Lemonnier facility since 2012.

“For more than a decade, Rome Research Corporation has provided superior support to the Naval Computer and Telecommunications Area Master Station Atlantic (NCTAMS LANT) site in Djibouti,” Michael Nelson, President of PAR Government, said about its subsidiary’s performance. “Our employees are very passionate about their roles in supporting DoD facilities. Our focus is on applying technology to continuously improve the operational effectiveness of our Nation’s warfighters, and we are very excited to continue our partnership with NCTAMS LANT.”

At the NCTAMS LANT site, RRC provides operations and management of the Technical Control Facility (TCF) Patch and Test Facility (PTF) 24 hours a day, seven days a week, all year long. RRC handles Defense Information System Network functions, inside and outside plant cable maintenance, property management, information assurance, and commercial and DISN telephone services.

During the past 10 years, RRC has proven its ability to provide exceptional support to NCTAMS LANT with a lean staff. RRC has achieved “Exceptional” Contractor Performance Assessment Ratings from the Government, demonstrating a full understanding of the skills required to accomplish Government requirements.

About PAR Government

PAR Government is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies. An ISO 9001:2015 and 27001:2013 certified company, PAR Government is a wholly owned subsidiary of PAR Technology Corporation (PAR), a leading global provider of software, systems, and service solutions to the restaurant and retail industries. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR.

About Rome Research Corporation

Rome Research Corporation (RRC), a subsidiary of PAR Government Systems Corporation, was founded in the 1970’s as a Technical Services supplier. While initial contracts supported antenna and RF testing, RRC has since transitioned into a premier technical services company providing worldwide on-site support to the US Department of Defense in the areas of strategic communications, satellite control, and information systems.

About PAR Technology

For more than 40 years, PAR Technology Corporation’s (NYSE: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. 100,000+ restaurants in more than 110 countries use PAR’s restaurant point-of-sale, digital ordering, loyalty, and back-office software solutions as well as industry leading hardware and drive-thru offerings. Through its Government segment, PAR provides intelligence, surveillance, and reconnaissance (“ISR”) solutions and mission systems support to the Department of Defense and other Federal agencies. To learn more, visit www.partech.com or connect with us on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117005128/en/

Christopher R. Byrnes (315) 738-0600 ext. 6226

chris_byrnes@partech.com, www.partech.com

 

Source: PAR Technology Corporation

FAQ

What is the significance of PAR's $21 million contract with the U.S. Navy?

This contract is crucial for PAR's revenue stability and reinforces its long-term partnership with a key defense facility.

How has Rome Research Corporation performed in past contracts with the U.S. Navy?

RRC has consistently received 'Exceptional' Contractor Performance Ratings, indicating a strong track record.

Where is Camp Lemonnier located, and why is it important?

Camp Lemonnier is located in Djibouti, Africa, and provides over 90% of DoD communications for the continent, critical for U.S. military operations.

What services will RRC provide under the new contract?

RRC will provide operations and maintenance support, ensuring uninterrupted services at Camp Lemonnier.