Globalstar Signs Agreement With SpaceX For Falcon 9 Launch For Next Set Of Satellites, Pursuant To 2022 Satellite Procurement Agreement With MDA

Benzinga·07/07/2025 13:18:36

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Agreement provides for the launch of the remaining nine replacement satellites under construction by Macdonald, Dettwiler and Associates Corporation ("MDA")

Globalstar, Inc. (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that the Company has signed an agreement with SpaceX for a Falcon 9 launch for the next set of satellites, pursuant to the 2022 satellite procurement agreement with MDA. As previously disclosed, these satellites will provide continuous satellite services in combination with the existing second-generation satellites in operation today. Globalstar expects the launch will take place next year following the initial launch this year. These satellites have been authorized by the Federal Communications Commission to operate under Globalstar's HIBLEO-4 filing for a renewed 15-year term.

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