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Globecomm Systems Selected to Participate In The U.S. Army Worldwide Satellite Systems $5 Billion Program for The Next Five Years

Posted on: Thursday, 7 September 2006, 12:00 CDT

Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end satellite-based communications solutions, today announced that the Company is one of six contractors selected to participate in the U.S. Army's $5 Billion Worldwide Satellite Systems Program (WWSS) for the next five years.

The Defense Communications and Army Transmission Systems and Warfighter Information Network-Tactical Program jointly manage the WWSS. Under the five year $5 billion program, WWSS will bring Government agencies turnkey commercial satellite systems and associated support services for satellite terminals, including all hardware, software, services and data to operate terminals.

Besides Globecomm, five other contractors including The Boeing Company, General Dynamics SATCOM Technologies, DSCI, Telecommunication Systems and Data Path, were each awarded an Indefinite Delivery Indefinite Quantity (IDIQ) Contract. As requirements for particular satellite terminals and services arise, the contractors will compete for the individual task orders to be issued under the IDIQ contracts.

David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "The WWSS contract award is a significant milestone in the increasing market share for Globecomm in the US Government sector. This contract award assures that Globecomm will continue to be one of the premier companies delivering satellite solutions to all branches of the US Government. The IDIQ contract format opens up the satellite infrastructure and services market to any US Government agency, even those that have not procured these systems and services in the past, and Globecomm will be there to fulfill those needs."

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 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 Report 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. Also, we cannot assure investors that we will receive individual task orders under the IDIQ contracts from this government customer.

Source: Business Wire

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