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Globecomm Systems Awarded $1.1 Million Contract From the National Reconnaissance Office for the Design of a New Transportable Multi-Band Earth Terminal; Options for Production Systems Bring Contract Value to $4 Million

Posted on: Thursday, 28 September 2006, 15:00 CDT

Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end satellite-based communications solutions, today announced that the Company has been awarded a $1.1 million contract from the National Reconnaissance Office (NRO) for the design and build of new transportable multi-band earth terminals. The contract, which includes a $3 million option for production units, was competitively awarded and represents the first time the Company has worked with this agency of the U.S. Government.

The NRO designs, builds and operates the nation's reconnaissance satellites. NRO products, provided to an expanding list of customers, including the Department of Defense and the intelligence community, can warn of potential trouble spots around the world, help plan military operations and monitor the environment.

The terminal operates in three satellite frequency bands (e.g. Tri-band) and provides NRO the flexibility to operate on commercial and government satellites. The system packaging method allows field deployment in one, two or all three-frequency bands.

Mike Plourde, Vice President Government Programs, said, "This award signifies the Company's continued success in targeting new government agencies that benefit from our Explorer product initiatives. The NRO had specific requirements and the Company's Explorer product development work, undertaken in the past year, positioned Globecomm for success in this competitive procurement."

About Globecomm Systems

Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and 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, the United Arab Emirates and Afghanistan.

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 on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, 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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