6/29/2017 - PAR Technology Subsidiary Announces New $10.9 Million U.S. Air Force Subcontract Award in Saudi Arabia
NEW HARTFORD, N.Y.—June 29, 2017— PAR Technology Corporation (NYSE:PAR) today announced that its indirect subsidiary, Rome Research Corporation (RRC), has been awarded a subcontract from Scientific Research Corporation of Charleston, SC to monitor Paveway IV munitions, Stand-Off Weapons and F-15SA Critical Controlled Assets and provide Electronic Security Systems Manager (ESSM) operations at various Royal Saudi Air Force (RSAF) designated locations within the Kingdom of Saudi Arabia. The subcontract includes a base year with up to four options years, with a total value of $10.9 million.
Commenting on the award, Matt Cicchinelli, President of PAR’s Government Business, stated that, “Our record of strong customer satisfaction is evidenced by this award. It also demonstrates our ability to grow into ancillary markets, which provides a new vein of opportunities to expand our service offerings globally. PAR is committed to maintaining high customer satisfaction in this new environment.”
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PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PAR. PAR’s Restaurant/Retail segment has been a leading provider of restaurant and retail technology for more than 30 years. PAR offers technology solutions for the full spectrum of restaurant operations, from large chain and independent table service restaurants to international quick service chains. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums and food service companies. PAR’s Government segment is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies. For more information, visit https://www.partech.com/ or connect with PAR on Facebook and Twitter.