All verified mentions of this organization in source documents.
MDA Ltd. recorded a contract award from Globalstar in early 2022 for a LEO satellite constellation valued at approximately $415,000,000.
Rocket Lab signed a 2022-02-24 contract to provide satellite buses to MDA for a new generation of Globalstar communications satellites valued at $143,000,000.
Globalstar is acquiring the 17 new satellites to provide continuous satellite services to a potential customer under the Terms Agreement described in Globalstar’s Annual Reports, as well as services to Globalstar’s current and future customers.
Globalstar will contract for the launch of the new satellites separately and expects all satellites will be launched by the end of 2025.
Globalstar maintains an option to acquire up to nine additional satellites under the Procurement Agreement with flexibility in timing to place such order.
Globalstar selected MDA Ltd. and Rocket Lab to supply a set of satellites to replenish its constellation.
Globalstar awarded a $327,000,000 contract to MDA to build 17 satellites intended to extend the life of Globalstar’s existing satellite constellation.
Globalstar expects to complete a senior secured financing by 2022-08-16 to provide sufficient proceeds for the construction and launch of the new satellites.
Globalstar recorded revenue of $124,300,000 for 2021 and a net loss of $112,600,000 for 2021.
Globalstar is acquiring the satellites to provide continuous satellite services to a potential customer under the Terms Agreement and to Globalstar’s current and future customers.
MDA awarded a $143,000,000 contract to Rocket Lab to provide the satellite buses for the Globalstar satellites.
The contract from Globalstar to MDA includes an option for up to nine additional satellites at $11,400,000 each.
Globalstar entered into the Terms Agreement in February 2020 with an unnamed potential customer under which that customer would pay for nonrecurring engineering services related to assessing a potential service using Globalstar assets and capacity.
The unnamed potential customer provided $111,400,000 in advance payments to Globalstar to be recognized into revenue as Globalstar performs under the contract.
Globalstar expects to have financing in place for the satellites by August and has deferred initial payments to MDA at 0% interest until 2022-08-16.
Media reports last fall suggested Apple’s iPhone would include a satellite connectivity option with Globalstar providing the service, but Apple made no mention of a satellite service when it announced the iPhone 13 line in September 2021.
The Globalstar Evaluation and Risk-Reduction Satellite (GEARRS) 3 is a three-unit cubesat from the Air Force Research Laboratory to test communications with the Globalstar satellite network using a patch antenna on the satellite’s exterior.
In Spring 2021 the University of Toronto Trash Team deployed a fleet of blender bottles with embedded Globalstar SmartOne C Satellite Trackers at strategic locations around Toronto Harbour.
Globalstar Europe is deploying its SmartOne Solar satellite IoT transmitter to provide satellite tracking for leisure boat owners.
Advanced Tracking has deployed over 2,000 Globalstar SmartOne C IoT tracking devices for its customers in the marine sector.