Globecomm Systems Awarded $1.3 Million Follow-on Contract

HAUPPAUGE, N.Y., Dec. 22/Satnews Daily/ ¾ Globecomm Systems Inc. (NASDAQ: GCOM) said it has been awarded a follow-on contract from an existing customer valued at approximately $1.3 million.

On July 1, 2003, Globecomm announced the receipt of an $8.3 million contract from the customer, a global multilateral organization, for fixed and transportable earth station terminals, which included $26.7 million in follow-on options. Under the terms of that contract, the customer previously exercised $11.7 million in follow-on options, has now exercised an additional $1.3 million and has the right to exercise an additional $13.7 million.

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 that are generally provided by its wholly-owned subsidiary, Globecomm Network Services Corp.

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