EXHIBIT14

GLOBECOMM SYSTEMS INC.

Code of Ethics and BusinessConduct

Introduction

This Code of Ethics and BusinessConduct applies to Globecomm Systems Inc. and its consolidatedsubsidiaries, together referred to below as "ourcompany," and sets forth our company's policiesregarding ethical business conduct and principles guiding theactivities of our employees and representatives.

We all haveimportant roles to play in maintaining high levels of legal and ethicalcompliance and the long term viability of our company. The purpose ofthis code of conduct is to promote a culture of honesty, integrity andrespect for law and the people with whom we work.

We expect eachemployee to use sound judgment to help us maintain appropriatecompliance procedures and to carry out our business in compliance withlaws and high ethical standards. Each employee of our company isexpected to read this code and demonstrate personal commitment to thestandards set forth in this code of conduct.

Our officers andother supervising employees are expected to be leaders in demonstratingthis personal commitment to the standards outlined in this code andrecognizing indications of illegal or improper conduct.

Allemployees are expected to report appropriately any indications ofillegal or improper conduct.

An employee who does not complywith the standards set forth in this code may be subject to disciplinein light of the nature of the violation, including termination ofemployment.

The Code of Ethics and Business Conduct is not acontract and is not intended as a detailed guide for all situations youmay face or to detract from the importance of applicable laws andregulations not detailed herein.

Please sign the acknowledgmentform at the end of this Code of Ethics and Business Conduct and returnthe form to the human resources department indicating that you havereceived, read, understand and agree to comply with this Code of Ethicsand Business Conduct. The signed acknowledgment form will be located inyour personnel file. Each year as part of your annual review, you willbe asked to sign an acknowledgement indicating your continuedunderstanding of this Code of Ethics and Business Conduct.

OurCommitment to Stockholders

We expect our employees to share acommitment to protect our assets and manage our business in the bestinterests of our stockholders.

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| •  | Accuracy of our records andreporting.    All financial and other business informationpertaining to our company must be accurately recorded, all financialrecords and transactions must adhere to our system of internal controlsand accounting requirements, and no one shall enter any false orartificial information in our records or reporting systems. All companyinformation must be reported honestly and accurately, whether internalpersonnel, safety, or other records or in information we release to thepublic or file with governmentagencies. |

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| •  | Disclosure Controls andProcedures.    We are required by SEC rules to maintaineffective "disclosure controls andprocedures" so that financial and non-financialinformation we are required to report in our SEC filings is timely andaccurately reported both to our senior management and in the filings wemake. All employees are expected, within the scope of their employmentduties, to support the effectiveness of our disclosure controls andprocedures and to comply with disclosure requirements in accordancewith applicable laws. |

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| •  | Stock Tradingand Confidential Information Policy.    Our company'sInsider Trading Policy prohibits any employee who is aware of materialnonpublic information concerning our company or concerningthird parties with whom our company does business, from buying orselling securities of our company, its affiliates or of those thirdparties (until after the material information has been fully disclosedto the public). Employees must not disclose or"tip" any of this material nonpublicinformation to family, friends or others outside the company. For moreinformation please refer to our company's Insider Trading Policyor contact Paul Eterno, (the "ComplianceOfficer") or the Chief FinancialOfficer. |

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| •  | No SelectiveDisclosure.    In addition, applicable securities rules alsoprohibit selective disclosure of material nonpublic information tothose outside the company in most circumstances. Therefore, allemployees are expected to assist the company in keeping all materialnonpublic information about our company strictly confidential unlessand until our company makes an authorized press release or otherauthorized public communication or filing. |

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| •  | Information to thePublic.    Our policy is to provide public dissemination ofmaterial information about our business only through our employeesauthorized for this purpose. Employees are not under any circumstanceto discuss our company's financial, business or other informationwith the press (except for those employees expressly authorized forthis purpose) or on any Internet or other "discussionboard," "chat room," or similarforum. Requests from the media, analysts or stockholders about ourcompany must be forwarded to our Chief Executive Officer or ChiefFinancial Officer for review by our professional staff havingresponsibility for thesematters. |

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| •  | Protection of CompanyAssets.    Each employee is personally responsible to use ourcompany's assets only for our lawful, corporate purposes approvedby management. All employees should help our company protect its assetsfrom misuse, theft, damage or other loss. Improper or unauthorizedpersonal use of company assets is prohibited. |

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| •  | IntellectualProperty.    Employees should help our company maintain thevalue of its intellectual property by using care to keep our tradesecrets and other nonpublic information confidential, and limit accessto nonpublic information to those authorized to use it in their dutiesfor our company. If customers or suppliers provide nonpublicinformation to us in their dealings with us, our employees are expectedto protect that information in the same manner as our company'sproperty. |

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| •  | Communications.    Employees areexpected to use appropriate judgment and discretion in their email,memos, notes, and other formal and informal communications relating toour business. Communications relating to our business must avoidinappropriate or derogatory comments about other individuals orcompanies, unprofessional language, and unauthorized financial, legalor business statements. |

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| •  | Retentionof Records.    Our company's records shall be properlypreserved for at least 7 years. It is our company's policy not todestroy or alter our records or documents (whether in paper form,emails, or otherwise) in response to or in anticipation of any legalproceeding or government inquiry or investigation. Criminal liabilitymay be imposed on any person who: |

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| •  | corruptly alters, destroys,mutilates or conceals a record, document or other object, or attemptsto do so, with the intent to impair its availability for use in anofficial proceeding, or |

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| •  | knowingly alters, covers up,falsifies or makes a false entry in any record, document or tangibleobject with the intent to impede or obstruct the investigation oradministration of any matter by a federal government agency orbankruptcy court. |

Our Commitment to Customers and BusinessPartners

We are committed to excellence in service andperformance for our customers, and building mutually advantageousalliances with our business partners.

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| •  | Customer Relationships.    Ourpolicy is to build lasting relationships with our customers throughsuperior delivery and execution, and honest sales and marketing. Wewill comply with applicable |

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|   | advertising laws and standards. Our policyalso prohibits making false or deceptive statements about ourcompetitors, and giving or accepting kickbacks, bribes, inappropriategifts and other matters prohibited under the conflict of interest topicin this code. |

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| •  | ProtectingInformation about Others.    We are committed to treatingconfidential information of our customers and business partners with atleast the care we use to protect our own proprietary or confidentialinformation. All employees are expected to use sound judgment inlimiting access to confidential information about our customers andbusiness partners to those individuals in our company who need to knowthis information to carry out theirjobs. |

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| •  | Commitment toQuality.    Our long term reputation and business viabilitydepend upon our continued maintenance of high quality in the productsand services we provide. We are committed to deliver our products andservices only in accordance with the documentation, safety, qualitycontrol, and other procedures we maintain from time to time. |

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| •  | Special Concerns with GovernmentCustomers.    Special legal and contracting rules usually applyto the dealings of our company with domestic and foreign governmentagencies. Many national, state or other local government agenciesimpose bidding or procurement requirements, special billing andaccounting rules, and restrictions on subcontractors or agents we mayengage. Domestic or foreign laws or regulations may also impose strictlimits on any kind of benefits or gifts offered to officials, includinglimitations on hiring former government officials or their familymembers. Our employees who deal with domestic or foreign governmentagencies are expected to know the laws applicable to these businessactivities, and to use sound judgment to avoid any violations of theletter or spirit of the laws prohibiting corrupt practices inconnection with governmentcontracting. |

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| •  | Suppliers.    Ourcontracts with suppliers of products and services to us are to be basedexclusively on the best interests of our company and its business,reflect a fair price for the deliverables provided to us, anddocumented in accordance with appropriate approval, contracting andinternal controlprocedures. |

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| •  | Business with ThirdParties.    We expect that our consultants, agents, resellers,distributors, subcontractors, and other business partners will adhereto lawful and ethical business practices. It is important to ourcompany's reputation that we avoid doing business with companieswhich violate applicable laws or have reputations which could harm ourbusiness. Our policy prohibits engaging agents or other third partiesto do indirectly what we as a company should not do under our ownpolicies outlined in this code. |

Our Commitment to EachOther

We expect each employee to promote a positive workingenvironment for all.

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| •  | Respect forOur Employees.    Our company's employment decisions willbe based on reasons related to our business, such as job performance,individual skills and talents, and other business-related factors. Ourcompany policy requires adherence to all national, state or other localemployment laws. Our company policy prohibits discrimination in anyaspect of employment based on race, color, religion, sex, sexualpreference, marital status, national origin, disability or age, withinthe meaning of applicable laws. |

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| •  | Abusive or Harassing ConductProhibited.    Our company policy prohibits abusive or harassingconduct by our employees toward others, such as unwelcome sexualadvances, comments based on ethnic, religious or racial aspects, orother non-business, personal comments or conduct which make othersuncomfortable in their employment with us. Our company's policyis to provide to its employees of both genders with a protective andpleasant work environment free from harassment, sexual or otherwise,and to prevent harmful exploitation of authority and to promote genderequality at work. We encourage employees to report harassment or otherinappropriate conduct as soon as it occurs. We are committed to takingprompt and appropriate action as soon as we are aware of or receive anyreport of harassment or inappropriate conduct of any kind and we willneither take nor permit retaliatory action against any employee whoreports alleged |

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|   | harassment. Sexual harassment impinges upon aperson's dignity, privacy, equality between the sexes, the workrelationship and its environment and contradicts our company'spolicy. In addition to harm caused to the work environment, sexualharassment is a criminal offense. Employees are required to adhere toour company's policy in this matter as prescribed by theprevailing laws and regulations. |

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| •  | Health and Safety.    We expectall employees to help us to maintain a healthy, hygienic and safeworking environment and to report promptly any unsafe or hazardousconditions or materials, injuries, and accidents connected with ourbusiness. Our company is committed to adhering to safety laws andregulations including fire protection and laws and regulations whichpromote cleanliness and hygiene in the workplace. Employees must notwork under the influence of any substances that would impair the safetyof others. All threats or acts of physical violence or intimidation areprohibited. |

Competition

We are committed to competeeffectively, but lawfully, in our businessmarkets.

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| •  | Compliance with AntitrustLaws.    Our company and its employees must comply with theantitrust and unfair competition laws of the countries in which ourcompany engages in business. These laws vary by country and can becomplex. Employees having roles which may implicate antitrust laws areresponsible for knowing the laws that apply to their businessactivities, and should speak to our Chief Financial Officer if anyquestions arise. Generally, these laws prohibit or regulate mergers andacquisitions, attempts to monopolize or otherwise restrain trade,selling products below cost, price discrimination, price fixing orother agreements with competitors that would divide or allocatecustomers or otherwise harm customers,"tying" arrangements that require a customerwho wishes to buy a given product to buy other products or services,artificially maintaining prices, and certain other restrictiveagreements or arrangements. Our employees must not exchange nonpublicsales information with competitors. |

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| •  | Fair Methods ofCompetition.    Our company is committed to competition on alawful and ethical basis. Our employees must not use improper orillegal means of gaining competitive information that is confidentialor proprietary information owned by others. Our employees must not useor disclose confidential or proprietary information which they may havefrom past employment with other employers. |

Conflicts ofInterest

We expect all of our employees to avoid allowing theirprivate interests to interfere, or appear to interfere, with theinterests of our company as awhole.

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| •  | Generally.    Employeesare expected to make or participate in business decisions and actionsin the course of their employment with us based on the best interestsof our company as a whole, and not based on personal relationships orbenefits. Although some general guidelines are provided in this code,our employees are expected to apply sound judgment to avoid conflictsof interest that could negatively affect our company or its business,whether or not we have specific rules for that particular situation.Employees are expected to disclose to us any situations that mayinvolve inappropriate or improper conflicts of interests affecting thempersonally or affecting other employees or those with whom we dobusiness, as described under "How to Report YourConcerns." |

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| •  | BusinessReferrals.    No employee of our company may personally attemptto give or steer our company's business transactions to companiesin which a family relative or personal friend has a financial or otherinterest unless such transaction has been disclosed to the ComplianceOfficer and the appropriate approvals of our company have beenobtained. |

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| •  | PersonalInvestments.    Generally, our employees must avoid investmentsin other companies with which our company does business if theseinvestments could create the fact or appearance |

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|   | of a conflict of interest unless suchinvestments received the appropriate approvals of our company.Investing in relatively small positions of publicly traded securitiesof other companies is generally not prohibited so long as there is noviolation of our company policy relating to trading while in possessionof material nonpublic information about other companies. Any proposedpersonal investments by employees in other companies with which ourcompany does business should be notified in advance to the ComplianceOfficer who shall advise on the appropriate approvals, if any, requiredin such circumstances. |

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| •  | CorporateOpportunities.    Employees must also refrain from purchasingproperty or otherwise taking for themselves personally a businessopportunity that they learn about through their employment with us oruse of our company's information. |

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| •  | ProhibitedCompetition.    Employees may not compete with us during theterm of their employment, and may not initiate any steps to competewith us while still employed by ourcompany. |

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| •  | Outside Compensation andActivities.    While employed by us, our employees must not workfor or seek or accept personal payments from any customer, supplier,competitor, distributor, reseller, or other business partner of ourcompany, except as approved in writing by an authorized officer ormanager of our company. Trade secrets and other nonpublic know-how andinformation learned at our company must not be used in activitiesoutside our company or in other ways that could harm ourbusiness. |

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| •  | Outside BoardService.    Employees are required to obtain prior writtenauthorization from our company for service as a director, generalpartner, manager, officer or similar position with any privately-heldor public business entity or as an appointee to any kind ofgovernmental or quasi-governmental agency or body. Service solely as adirector or trustee of nonprofit corporations engaged in charitableactivities does not require approval unless that activity could involveimproper conflicts ofinterest. |

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| •  | Gifts andGratuities.    Our employees must not seek or accept gifts orgratuities in the form of services or other items of value from ourcustomers, other business partners or other parties with whom ourcompany contracts. Our employees must not offer or give anything ofvalue that could be or appear to be a bribe or otherwise illegalpayment. These prohibitions do not apply to items of truly nominalvalue such as generally free promotional items, assuming these itemsare not otherwise prohibited by applicable law or custom. Employeesshould never accept anything that would appear to create a conflict ofinterest. In the unusual situation where refusal to accept a true giftmight hurt our business, be sure to consult the appropriate officer ormanager of our company concerning the proper means of resolving thesituation. |

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| •  | BusinessEntertainment.    Employees shall adhere to our company'spolicies with respect to costs of entertainment issued from time totime. Extending or accepting invitations to reasonable meal, publicevent and similar business activities incurred for bona fide businesspurposes is generally acceptable, assuming the costs are notdisproportionate to the business purpose and otherwise do not createthe fact or appearance of a conflict of interest. Attendingentertainment events which may appear contrary to professionalstandards of conduct should beavoided. |

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| •  | Travel.    Employeesare expected to comply with our company's travel policies ineffect from time to time. We expect that all travel-related expensesmust be used, accurately reported and recorded in compliance with thesepolicies. |

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| •  | Other CorporatePolicies.    In addition to the above, employees are expected tocomply with our company's other corporate policies in effect fromtime to time. |

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Legal Compliance Generally

Weexpect our employees to be committed to pro-active compliance with allapplicable laws and regulations affecting our company and its business.In addition to the laws referred to elsewhere in this code:

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| •  | General Standard ofCompliance.    Our employees must comply with all applicablelaws and regulations and national and local governmental authorityrules and procedures in every location in which we conduct ourbusiness. Competitive factors, personal goals, and pressure fromsupervisors, customers or others shall never be an acceptable excusefor violating applicablelaws. |

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| •  | Prohibited CorruptPractices.    Our company must comply with anti-corruption laws,including the Foreign Corrupt Practices Act("FCPA"), that apply wherever we do business.Our employees and agents must not directly or indirectly offer or makea corrupt payment to any domestic or foreign government officials, anyforeign political party, candidate or official, or employees ofenterprises owned or controlled by a government agency. Our employeesmust not engage in any form of fraud, including, but not limited to,bribery, embezzlement, theft, hiding or misuse of company assets, orfalsification of records. |

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| •  | ProhibitedPolitical Contributions.    None of our employees shallcontribute in our company's name or on our company'sbehalf, any cash, services or property of any kind for or in support ofany political candidate, committee, initiative, or activity. Nolobbying efforts or contracts shall be undertaken in ourcompany's name or on our company's behalf without the priorapproval of our Board of Directors. |

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| •  | Prohibited Loans to Executive Officersand Directors.    It is unlawful for our company, directly orindirectly, to extend or maintain credit, to arrange for the extensionof credit, or to renew an extension of credit, in the form of apersonal loan to or for any director or executive officer of ourcompany. |

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| •  | Import and ExportRestrictions.    Our company and its employees must comply withapplicable restrictions under domestic and foreign laws relating toimporting or exporting technology, products, services, or regulatedinformation. Employees who travel on company business to foreigncountries are expected to know and abide by applicable import/exportand similar restrictions. |

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| •  | Environmental Laws.    Ourcompany is committed to protect the quality of the environment. Werespect the policies and requirements of domestic and foreign lawsaimed at protecting the environment. We expect a commitment from ouremployees to report appropriately any violations of environmental lawsand any exposure to hazardous materials or substances which are notbeing handled or disposed ofproperly. |

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| •  | Intellectual PropertyLaws.    Our company is committed to protect rights tointellectual property. Our company is further committed to preventingunlicensed copying of software and to honor and protect copyrights. Weexpect our employees to conduct our business and use our businesssystems and facilities in ways which avoid any violations of copyright,trademark, service mark, patent, trade secret or other intellectualproperty rights held by third parties. |

Our Communities

We respect our employees' involvement in the community,charity and political activities and causes they may choose, so long asthese activities do not interfere with job responsibilities to us. Noemployee may represent that the employee's views or activitiesrepresent our company. Our employees must not engage in any unwantedsolicitations or pressure toward other employees relating tocharitable, religious or political causes.

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How to Report YourConcerns

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| •  | Where to DirectQuestions.    If you have questions about this code or concernsabout any of the matters listed here, please first consider speakingwith your immediate manager or supervisor if that person was notinvolved in the matter giving rise to your questions. If you do notwish to communicate with that person on the matter, please feel free tocontact any member of our management. |

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| •  | Good Faith Concerns AreProtected.    We encourage each of our employees to report anyconcerns that others in our company may have engaged in illegal orunethical conduct relating to our business. We do not discriminateagainst employees who report their good faith concerns to us. Inaddition, our company may not discharge or otherwise discriminate inany manner against, or threaten or harass, an employee for any lawfulact by the employee to provide information or assist in aninvestigation by us or any other governmental authority or agency, ofviolations of applicable securities laws or any applicable law relatingto fraud against shareholders. |

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| •  | False Claims AreProhibited.    It is a violation of our standards for anyemployee to communicate a report claiming illegal or unethical conductwhich the employee knows to befalse. |

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| •  | Where to Report YourConcerns.    If you wish to report or discuss any problemconcerning our company or the matters outlined below, please promptlyinform your supervising manager, or report the matter to the ComplianceOfficer. If you wish to communicate any matter anonymously, you arefree to do so, and we will maintain the confidentiality of yourcommunication to the extent possible under applicable laws.Communications intended to be confidential should be mailed in writingwithout indicating your name or address to the Company,Attention: Chairman of the Audit Committee at Post Office Box11402, Hauppauge, New York, 11788. These reports will be received bythe Compliance Officer and handled in accordance with the Proceduresfor Investigating and Resolving Concerns outlined below. |

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| •  | Audit Committee Available to Hear AboutAccounting Matters.    In addition to the above, if you haveconcerns about accounting, internal accounting controls, or auditingmatters relating to our company, you are also free to contact the auditcommittee of our board of directors directly. Inquiries orcommunications intended to be anonymous should be mailed in writingwithout indicating your name or address to the Company,Attention: Chairman of the Audit Committee, at Post Office Box11402, Hauppauge, New York, 11788. |

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| •  | Procedures for Investigating andResolving Concerns.    The Compliance Officer will make a reportto the Chairman of the Audit Committee, at each Board meeting or onceper calendar quarter if no Board meeting is held during the quarter, ofall reports of possible violations received, the status of the initialinvestigation, the Compliance Officer's recommendation forfurther investigation and/or action, and the basis for the ComplianceOfficer's recommendation. Reports of possible violations of thiscode will be initially investigated by the Compliance Officer. TheCompliance Officer may, in his discretion, include other employeesand/or management (not including those named in the report of possibleviolation) to assist in the investigation. Upon completion of theinitial investigation, the Compliance Officer will make a determinationwhether further investigation and/or action is required. If theCompliance Officer believes further investigation and/or action isrequired, the Compliance Officer will immediately forward the reportand the results of the initial investigation to the Chairman of theAudit Committee. The Audit Committee may, in its discretion, assumeresponsibility for evaluating any possible violation (even those deemedto require no further investigation and/or action by the ComplianceOfficer) and directing or conducting any investigation or may delegateany portion of such responsibility to the board of directors (the"Board"), another committee, the ComplianceOfficer or another person or entity. If the Audit Committee chooses toassume responsibility for evaluating any possible violation ordirecting or conducting any investigation where the investigationconcerns a possible violation by a member of the Board, the AuditCommittee shall not delegate such investigation to the Board or anyother committee but shall itself, not including that member, assumesuch responsibility. The Audit Committee shall have the authority toengage independent counsel and other advisers, as it deems necessary,to assist in its investigation |

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|   | and decision process. After conducting theinvestigation, the results will be evaluated and the Company shallauthorize such swift response, follow-up and preventative actions, ifany, as are deemed necessary and appropriate to address the substanceof the reported possible violation. The Company reserves the right totake whatever action it believes appropriate, up to and includingdischarge of any employee determined to have engaged in improperconduct. |

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| •  | **Waivers Requested by OurOfficers and Directors** |

This code applies to our officers aswell as to our employees generally. Our directors are also expected toabide by the principles of this code, within the scope of their dutiesas directors, as if they were employees of our company. Any waiver of aspecific provision of this code of conduct for any individual officeror director of our company must be approved, if at all, in advance by amajority of the independent directors serving on our board ofdirectors. Any such waivers granted which are required to be disclosedby applicable law will be publicly disclosed by appropriate means.

Adopted by the Board on November 18,2003.

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