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Globecomm Systems Awarded Five Year Contract From Harris Corporation Valued at $5.5 Million in Support of the Federal Aviation Administration FTI-SAT Program

Posted on: Thursday, 21 December 2006, 15:00 CST

Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end value-added satellite-based communications solutions, today announced that the Company has been awarded a five-year Life Cycle Support services contract from Harris Corporation valued at $5.5 million, subject to annual funding, to sustain the Federal Aviation Administration (FAA) FTI-SAT program. The contract includes six one-year options following the five-year initial term, valued at $7.2 million, if fully exercised, which would bring the total contract value to $12.7 million.

The Life Cycle Support contract sustains 43 sites previously deployed by Harris and Globecomm as part of the U.S. FAA FTI-SAT program. Life Cycle Support provides turnkey operations and maintenance responsibility including 24/7 help desk and problem resolution, 24/7 dispatch field services and provision of spares. FTI-SAT replaced legacy satellite equipment at remote FAA sites to support radar, weather, and air/ground communications. The new FTI-SAT network enables the FAA to utilize satellite, microwave or telecommunications technologies.

David Hershberg, Chairman and Chief Executive Officer, said: "Globecomm's unique ability to provide turnkey satellite solutions, including hardware, network monitoring and operations and maintenance has once again positioned the Company for long term success. These multi-year contracts not only provide a foundation for growth, but demonstrate the depth of capabilities of the Company as Globecomm pursues similar opportunities."

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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