An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
PAR Technology Subsidiary Announces $15.2 Million U.S. Navy Award at Lago Patria, Italy
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
PAR Technology Corporation (NYSE:PAR) has secured a $15.2 million contract from the U.S. Navy for operations and maintenance support at the Global Information Grid facility in Lago Patria, Sicily. This five-year award reflects RRC's ongoing expertise in satellite communication, further solidifying its long-standing relationship with the Navy, which has existed since 2005. The contract will enhance RRC's capabilities in supporting vital military communications and operational needs, ensuring uninterrupted service for the U.S. Department of Defense and its allies.
Positive
Award of $15.2 million contract from U.S. Navy enhances revenue prospects.
Strengthens PAR's subsidiary RRC's established relationship with the Navy since 2005.
Extends RRC's services in vital military communications and support.
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 $15.2 million contract to provide uninterrupted operations and maintenance (O&M) support at the Global Information Grid (GIG) facility in Lago Patria and Sicily, Italy. RRC is a leading provider of large satellite gateway O&M services providing interconnectivity to all facets of the Department of Defense (DoD) and has supported the Lago Patria facility since 2005.
The Naval Satellite Communications Facility - Lago Patria is a premier DoD satellite gateway site supporting a global network of information capabilities, processes and personnel. The facility supports collecting, processing, storing, disseminating and managing information on demand for use by military commanders, policy makers and support personnel. The facility supports wartime and peacetime strategic, operational, tactical and business functions spanning U.S.DoD, national security and related intelligence community missions. Additionally, it provides interfaces to coalition, allied and non-DoD users and systems around the globe.
At Lago Patria and other locations, RRC’s technical staff support commercial and military satellite communications (SATCOM) systems. For this project, RRC will apply its deep expertise of multi-band systems operating from 300 MHz to 300 GHz. RRC will be performing O&M duties on various baseband equipment and terrestrial transport systems in service of deployed tactical and strategic users. RRC’s expertise includes mission planning, activation, engineering and installation of low-level circuitry and includes critical communications security (COMSEC) support.
Mike Nelson, President of Rome Research Corporation, stated “RRC is honored that the Navy continues to entrust us to support this critical mission. We are pleased to build upon our 16 years of on-site support to Lago Patria and Naval Computer and Telecommunications Station (NCTS) Naples and extend our support of DoD large SATCOM Gateways. Our employees are passionate about what they do to support the warfighter and we are delighted to continue to partner with the U.S. Navy to deliver these services.”
About PAR Technology Corporation For more than 40 years, PAR’s (NYSE Symbol: 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. More than 100,000 restaurants in more than 110 countries use PAR’s restaurant hardware, software, drive-thru, and back-office solutions. With the recent acquisition of Punchh Inc., a leading SaaS based customer loyalty and engagement solutions provider, PAR has become a Unified Commerce Cloud Platform for Enterprise Restaurants. PAR Technology Corporation (PAR) through its Government segment 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.
What is the value of the contract awarded to PAR Technology by the U.S. Navy?
PAR Technology Corporation has been awarded a $15.2 million contract by the U.S. Navy.
How long is the contract awarded to PAR Technology by the Navy?
The contract awarded to PAR Technology by the U.S. Navy is for five years.
What services will PAR Technology provide under the Navy contract?
Under the Navy contract, PAR Technology's subsidiary, Rome Research Corporation, will provide operations and maintenance support at the Global Information Grid facility.
Where is the Global Information Grid facility supported by PAR Technology located?
The Global Information Grid facility supported by PAR Technology is located in Lago Patria, Sicily, Italy.
