Globalstar Secures $60 Million in Government Contracts, Boosting Defense Market Presence

Reuters

Aug 15

Globalstar Secures $60 Million in Government Contracts, Boosting Defense Market Presence

Globalstar Inc., a telecommunications infrastructure and technology provider, has announced securing several new government contract awards, expected to bring in a minimum of $60 million in revenue over the next five years. These contracts signify Globalstar's expanding presence in the government and defense sectors, leveraging its Low Earth Orbit $(LEO)$ satellite constellation and advanced networking technologies. The company has formed strategic partnerships, including a successful proof of concept with Parsons for satellite-enabled software-defined communications, which has now moved to the commercial phase. This development underscores Globalstar's capability to deliver mission-critical communications solutions and is anticipated to drive significant growth in government-related revenues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Globalstar Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250814217419) on August 14, 2025, and is solely responsible for the information contained therein.

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