TEWKSBURY, Mass., Jan. 27 /PRNewswire/ -- Tactical Communications Group, LLC (TCG) (www.g2tcg.com) the market leading, privately-held independent provider of tactical data link ("TDL") solutions for military test, training and operational users worldwide, today announced record revenue, bookings and net income results for the twelve months ended December 31, 2009.
Revenues, bookings and net income all increased approximately 25% during the twelve months ended December 31, 2009 as compared to annual 2008 operating results. These record 2009 results were primarily attributable to continued strong domestic market acceptance of the Company's three tactical data link product offerings, LinkPRO, Battlefield Operations Support System ("BOSS") and Ground Tactical Data Link System ("GTS"), as well as significant international business growth in 2009, as compared to the same period in 2008. These results also represented the fourth consecutive year of substantial revenue, booking and net income growth for TCG.
Select operating highlights behind TCG's record 2009 financial performance include:
- LinkPRO, the Company's military standard, highly scalable and extensible data link processing engine which supports multiple tactical data links and interfaces, was selected and used by several global prime government system providers as the data link processing subsystem for their ground command and control systems. These operational ground command and control systems, which utilize LinkPRO as the core data link processor, have been delivered to and deployed by government customers in Europe and Asia-Pacific.
- BOSS, TCG's market-leading software application which enables comprehensive testing of data link solutions to US military and international standards, including evaluation and testing under highly simulated conditions, continued to be the testing "gold-standard' and solution of choice for major prime government system providers, and military test and evaluation communities worldwide.
- GTS, the Company's operational solution which is used for training and operational data link applications in live Link 16 operating networks, enjoyed tremendous success in 2009, with GTS winning several high-profile competitive international engagements. GTS has now been successfully deployed and is in use in the US and throughout countries in Europe, Asia Pacific and the Middle East, in both training and live operational applications.
Complementing these competitive market successes in 2009, the Company also significantly expanded its product line during 2009, enhanced its engineering capacity and resources, and added seasoned business development executives during 2009 to focus on new US and international business opportunities.
"2009 was indeed a successful and pivotal year for TCG," said Martin McDonough, TCG's President and CEO. "With our world-class, experienced development team, we have focused for years on developing innovative tactical data link-centric software solutions for the worldwide test, training and operational communities. Our great success in 2009 is a testament to our focus, vision and product superiority, as well as our unwavering commitment to excellence in the support of our global customers.
As we enter 2010, we are extremely well-positioned to exploit the continued global demand for TDL test-and-training solutions. We are also focused on being highly responsive to changing market conditions and on delivering new, innovative TDL-based software solutions during 2010 required for evolving operational needs. The needs of the operational community, particularly in the rapidly-growing Intelligence, Surveillance and Reconnaissance ("ISR") and Digitally-Aided Close Air Support ("DACAS") market segments, are changing rapidly and we believe our 2009 operational successes with LinkPRO and GTS position us well to serve these new opportunities. In sum, we believe our suite of market-leading software solutions is very well-aligned with the ongoing needs of our global customer base, and we look forward to another strong year in 2010 and continuing to be the leading privately-held, independent global provider of tactical data link software solutions."
About Tactical Communications Group
Tactical Communications Group (www.g2tcg.com) was founded in 1993. TCG's charter is to be the leading provider of TDL–based software solutions for test, training and operational users worldwide, leveraging TCG's comprehensive family of software products and turnkey systems. TCG is located at 2 Highwood Drive, Tewksbury MA. and can be reached at 978-654-4800.
SOURCE Tactical Communications Group, LLC