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Globecomm Systems Receives Award Under an Indefinite Delivery/Indefinite Quantity Contract From a U.S. Government Customer Valued at $11.7 Million

Posted on: Monday, 31 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 received an award under a Indefinite Delivery/Indefinite Quantity (IDIQ) contract from a U.S. Government customer valued at $11.7 million.

The U.S. Government has utilized this IDIQ contract to purchase $21.6 million of satellite infrastructure from the Company over the past 19 months, excluding this award.

The Company currently anticipates executing this entire contract in the current fiscal year ending June 30, 2007.

David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "This is the third major contract announcement by Globecomm over the last three weeks. The Company continues to successfully implement its Government marketing strategy and we are excited to begin the current fiscal year with a solid base of contract awards."

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.

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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