Globalstar (GSAT) Enters Agreement w/ Thales Alenia to Develop 2G Satellite Software
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Globalstar, Inc. (Nasdaq: GSAT), announced the signing of an agreement to develop satellite software to enhance operations of the Globalstar second generation satellites.
As Globalstar has previously announced, one of twelve new second-generation satellites that have been launched is not currently providing service due to an issue with two of its momentum wheels. According to the agreement announced today, Thales Alenia Space will develop and provide the software necessary to adapt the in-flight configuration for this satellite, allowing it to return to service and sustain operations compliant with the objectives of its 15-year mission. This solution is expected to be implemented in stages over the coming months and is intended to be available for other satellites, if they experience similar issues in the future.
Globalstar is also in the final decision-making period for its third satellite launch currently scheduled for December and expects to announce updated launch information shortly.
As Globalstar has previously announced, one of twelve new second-generation satellites that have been launched is not currently providing service due to an issue with two of its momentum wheels. According to the agreement announced today, Thales Alenia Space will develop and provide the software necessary to adapt the in-flight configuration for this satellite, allowing it to return to service and sustain operations compliant with the objectives of its 15-year mission. This solution is expected to be implemented in stages over the coming months and is intended to be available for other satellites, if they experience similar issues in the future.
Globalstar is also in the final decision-making period for its third satellite launch currently scheduled for December and expects to announce updated launch information shortly.
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