Globecomm Awarded Equipment Acquisition and Engineering Services Contract from a Telecommunications Service Provider Valued at $11M

Globecomm Systems Inc.

, a leading global provider of communications solutions and services, announced today that its wholly owned subsidiary, ComSource has been awarded a one year Equipment Acquisition and Engineering Services contract from a telecommunications service provider (the customer) valued at up to $11.0 million. The Company has received funding in the amount of $8.6 million and the customer has an option to provide additional funding for the remaining amount throughout the contract term.