Globalstar Signs Definitive Agreement With Thales Alenia Space for Delivery of Six Additional Satellites

Globalstar

, and satellite manufacturer Thales Alenia Space (TAS) today announced the signing of a contract for the manufacture and delivery of six additional satellites for the Globalstar second-generation constellation. The joint announcement was made during the Euroconsult World Satellite Business Week in Paris. The satellites, which are expected to be delivered and launched in 2015 will ensure long-term industry-leading mobile satellite voice and data services to Globalstar customers around the world through 2030. Earlier this year, Globalstar and TAS signed a commercial proposal containing the basic terms for the purchase for these additional Spacecraft. The satellites have a design life of 15 years and will be technically identical to the twenty-four second generation spacecraft Globalstar ordered from TAS under their 2009 contract. The six new satellites will utilize approximately €12 million in Long Lead Items purchased by Globalstar under the previous agreement. The new contract also provides Globalstar an option to order as many as twenty-four more satellites in the future should consumer demand require additional capacity be added to the Globalstar System. "This agreement not only secures our current space segment requirements, but it also ensures that Globalstar is uniquely positioned to provide our