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Globecomm Systems Awarded Infrastructure Contracts for a Foreign Government Military Agency and a Major U.S. Broadcaster Valued at $2.1 Million

Posted on: Wednesday, 16 August 2006, 12:00 CDT

Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end satellite-based communications solutions, today announced that it has been awarded multiple infrastructure contracts valued at $2.1 million for a foreign government military agency and a major U.S. broadcaster.

The first contract, an amendment to an existing contract with the customer, is for the expansion of an existing network for a foreign government military agency. This contract is scheduled for completion in the Company's fiscal third quarter ending March 31, 2007.

Pursuant to the second contract, which is scheduled for completion in the Company's fiscal second quarter ending December 31, 2006, Globecomm will provide a premier U.S. broadcaster with two earth stations, related subsystems and one year of field maintenance. The installation is for the continued expansion of the customer's existing major broadcast network.

David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "Customer satisfaction is best represented by repeat business. It is critical to the future of Globecomm that existing customers turn to the Company during their network expansion periods. We look forward to providing these customers with the quality systems they expect and hope to further these relationships and participate in future network expansion initiatives."

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, D.C., 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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