Globecomm Systems Receives Third Round of Funding in The Amount of $2.0 Million on a Previously Announced Long-Term Infrastructure Project.

HAUPPAUGE, N.Y. -- Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end satellite-based communications solutions, today announced that the Company has received a third round of funding on a previously announced infrastructure contract for a foreign government.

On September 26th, 2006, Globecomm announced the signing of two contracts with a customer to design and build the communication infrastructure for a foreign government's department of defense. The Company received two payments against the first contract amounting to $3.8 million, and has now received a third round of funding in the amount of $2.0 million. The first contract is valued at $6.2 million. The previously announced second contract, which is unfunded at this time, is currently valued at $22.4 million and is the initial follow on phase of a long-term four-phase program directly related to the first contract.

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.