Globalstar Signs $327M Purchase Agreement for 17 Satellites

Globalstar plans to buy 17 satellites to replenish and extend the life of its existing constellation, it said Thursday, announcing a $327 million procurement agreement with MacDonald Dettwiler, now known as MDA. It said an unnamed potential customer agreed to cover 95% of the spending for the new satellites. Globalstar said it has an option to get up to nine additional satellites under the contract, at $11.4 million each. It said the satellites are to be delivered by 2025, with launch by the end of that year.