---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-22-000016"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T04:40:58.149103+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Globalstar signs $327M satellite procurement deal with MDA; customer to reimburse 95% of costs

## Summary
- Ordered 17 satellites from MDA for $327M; option for up to 9 more at $11.4M each.
- Delivery by 2025; Rocket Lab USA is principal bus subcontractor.
- Potential customer (under Terms Agreement) will reimburse 95% of approved capex, interest, and other costs.
- Deferred milestone payments from Feb to Aug 2022 at 0% interest; expects senior secured financing by Aug 2022.
- Satellites ensure long-term continuity of mobile satellite services for current and future customers.

## SEC filing metadata
- accession: 0001366868-22-000016
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000016/0001366868-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000016/gsat-20220221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-22-000016
- JSON: https://secwatch.observer/filing/0001366868-22-000016.json
- Plain text: https://secwatch.observer/filing/0001366868-22-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.