Globalstar signs launch services agreement with SpaceX for 2025 satellite deployment; $64M in periodic payments

Globalstar, Inc.

Entered Launch Services Agreement with SpaceX for first set of new satellites.
Launch window expected in 2025 under customary terms.
Total launch-related payments of $64 million due on periodic basis until launch completion.
Partner will reimburse 95% of approved capital expenditures for new satellites, including launch costs.
Satellites are being acquired under previously disclosed Satellite Procurement Agreement.

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