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Globecomm Systems Awarded IDIQ Contract From The Department of The Navy Space and Naval Warfare Systems Center to Provide Portable Satellite Communications Terminals

Posted on: Wednesday, 19 July 2006, 15:00 CDT

Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end value-added satellite-based communications solutions, announced today that the Company has been awarded an indefinite-delivery/indefinite-quantity (IDIQ) contract from The Department of The Navy Space and Naval Warfare Systems Center to provide portable satellite communications terminals.

Globecomm, along with four other companies, has been awarded an IDIQ multiple awards contract for portable satellite communications terminals. These contracts include a one-year base period and four one-year option periods, making the total potential period of performance five years. When combined, the aggregate value of all delivery orders awarded over the life of the contracts could be up to $30,600,000. The four companies and Globecomm may compete for the delivery orders under the terms and conditions of the awarded contracts. Work under the initial year is expected to be completed July 2007 and if all options are exercised, ordering equipment could continue until July 2011.

"Globecomm has spent considerable time and effort to design, develop and demonstrate the broad capabilities of the Company's portable satellite communication terminals," said David Hershberg, Chairman and CEO. "While there is no guarantee that this will result in contract awards to the Company, it does guarantee that Globecomm will be competing for multiple contracts to supply the Department of the Navy with portable satellite terminals for the next five years and we are very excited to have been included in this broad program."

About Globecomm Systems

Globecomm Systems Inc. provides end-to-end value-added satellite-based communication solutions by leveraging its core satellite ground segment systems and network capabilities, with satellite communication services capabilities. The solutions Globecomm offers include satellite-based "next generation" networks, militarized commercial off the shelf products and services, voice over Internet Protocol (VoIP), video broadcast, business recovery, satellite-based terrestrial restoral, content delivery and other networks on a global basis. Globecomm's customers include communications service providers, commercial enterprises, Internet Service Providers, content providers and government and government-related entities.

Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom and the United Arab Emirates.

Globecomm Systems Inc., 45 Oser Avenue, Hauppauge, NY 11788-3816, USA.

TEL: 631 231-9800, FAX: 631 231-1557;

Email: ir@globecommsystems.com; Web: www.globecommsystems.com.

Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report for the year ended June 30, 2005 on Form 10-K and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, which the Company urges investors to consider. These risks and other factors include, but are not limited to general and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan.

Source: Business Wire

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