Globecomm Garners More JIPM “Juice”

Globecomm Systems Inc. [NASDAQ: GCOM] has notified all that the U.S. Army has exercised a $5.5 million contract option for the continued production of the Joint IP Modem (JIPM). On November 12, 2007, the Company announced that it had been awarded a contract from the U.S. Army’s Communications — Electronic Life Cycle Management Command under the Program Executive Office Enterprise Information Systems (PEO EIS) Project Manager Defense Communications and Army Transmission Systems‘ (PM DCATS) World Wide Satellite Systems (WWSS) Program to provide the JIPM. The contract was valued at 9.9M/USD and included multiple options that, if fully exercised over the next three years, would value the contract at 87M/USD. The exercise of this option now brings the base contract to 15.4M/USD, with 71.6M/USD of options remaining over the next 32 months. Pursuant to the contract, the JIPM network-centric IP modem will be the DoD standard network IP modem for use on military and commercial satellites. The JIPM network-centric IP modem will provide demand-based satellite communication transport services to the warfighter. The Defense Information Systems Agency (DISA) Program Executive Office for SATCOM, Teleport, and Services manages the JIPM initiative. DISA will field the Joint IP SATCOM Modem in the DoD Teleport Generation 2 rollout—Hauppauge, New York