Globalstar Announces It Has Gained Early Government Contracts Projected To Generate $60M

Multiple recent contract awards position company for significant government revenue growth

Globalstar (NASDAQ:GSAT) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, today announced significant momentum in the government market through multiple recent contract awards and strategic partnerships. Leveraging its Low Earth Orbit (LEO) satellite constellation, licensed spectrum assets, and advanced networking technologies, Globalstar is delivering mission-critical communications solutions for defense and other government agencies and applications.

Recent contract awards and expanding government solutions capabilities include:

• Satellite-Enabled Software-Defined Communications: Globalstar completed a successful proof of concept with Parsons, a leading defense technology provider, advancing the solution to the commercial phase with the parties executing a commercial access agreement. The software-defined waveform technology addresses critical challenges in compromised signal environments and was developed to enable rapid deployment across diverse mission-critical applications. The partnership is expected to provide accelerated go-to-market channels for other Globalstar developed government and defense products and services.
• Advanced XCOM RAN-Based 5G Research: XCOM RAN will be used to evaluate high-capacity architecture for 5G defense applications. The technology's plug-and-play architecture and high reliability capabilities, combined with Band 53 spectrum assets, enable rapid ad-hoc deployments worldwide for mission-critical applications including autonomous systems support, tactical operations centers, and training facilities utilizing XR technologies.
• Strategic Defense Agency Collaboration: Globalstar entered into a Cooperative Research and Development Agreement with the U.S. Army to demonstrate edge computing capabilities for enhanced situational awareness and decision-making in tactical environments. This collaboration, combined with expanding opportunities for secure asset tracking and location services across defense applications, demonstrates the versatility of Globalstar's satellite solutions with global coverage and low latency for mission-critical government operations.

Globalstar's unique combination of satellite constellation, licensed spectrum assets, and advanced 5G RAN technologies enables seamless connectivity solutions that transition between satellite and terrestrial networks based on operational needs, providing defense and government customers with unmatched flexibility and resilience across critical mission requirements.

With current contracts expected to generate a minimum of $60 million in revenue over the next five years, Globalstar's growing government customer base is projected to significantly increase this revenue category. Additionally, the Company's expanding pipeline of opportunities across defense and government agencies positions this market vertical to deliver revenue significantly larger than current contracted minimums.