Globecomm Systems Inc. [NASDAQ: GCOM], has been awarded a contract from a multi-national organization for satellite ground terminals, valued at approximately $27 million. Globecomm provides satellite-based communications infrastructure solutions and services on a global basis, this contract includes the design and development of the system as well as:

• Production and integration of new ground terminals and upgrade kits for existing terminals.

• Management of the project.

• Testing and hand-over of the systems.

• Supply of tools and test equipment.

• Supply of documentation.

• Training of users and maintainers.

The company does not anticipate recognizing any significant revenue in the current fiscal year related to this contract.

David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "This is an important new project for Globecomm that extends the relationship with one of our key customers. The contract includes options for follow-on systems and we are looking forward to continuing to increase our business base with this customer."