| Tech Stock News and Analysis |
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| Tuesday, September 12, 2006 |
TeleCommunication Systems Inc. (TSYS)
| Last Trade: | 2.50 | | Trade Time: | 3:54PM ET | | Change: |  0.22 (9.65%) |
Shares of TeleCommunication Systems Inc. surged on Tuesday after the wireless communications provider said it was selected for the U.S. Army's $5 billion worldwide satellite systems program.
TeleCommunication Systems is one of six companies selected for the contract, including Boeing Co., General Dynamics Corp. and DataPath Inc.
Under the five-year contract, TCS will offer quick reaction solutions for communications worldwide for federal missions, the company said in a statement.
TCS and the other companies in the contract will work on portions of the program. The contract delivery order work has already begun, the company said. |
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