Globalstar begins construction at Canadian ground stations

COVINGTON, La. - Globalstar, Inc. (NASDAQ:GSAT), a satellite telecommunications provider with a market capitalization of $3.3 billion, has started construction to expand its two Canadian ground stations in High River, Alberta and Smiths Falls, Ontario, the company announced Thursday. According to InvestingPro data, the company maintains a healthy financial position with liquid assets exceeding short-term obligations.

The expansion includes adding three additional tracking antennas at each facility, bringing the total to seven antennas per location. Both Canadian facilities have been operational for over 20 years, providing mobile satellite services across North America.

This construction represents part of Globalstar’s broader global infrastructure expansion, which aims to deploy more than 90 additional tracking antennas to support its third-generation C-3 mobile satellite system.

"These significant additional investments in Canada will support new and innovative next-generation mobile satellite products and services throughout the entire North American region," said L. Barbee Ponder, General Counsel & Vice President of Regulatory Affairs for Globalstar.

The enhanced ground stations will support both Globalstar’s existing satellite constellation and provide infrastructure for the advanced capabilities of the third-generation C-3 system. The company stated that these improvements, along with planned infrastructure investments across multiple continents, will position Globalstar to expand its global mobile satellite coverage and capacity.

Globalstar operates a low Earth orbit satellite constellation that provides data transmission services for connecting and protecting assets, transmitting operational data, and communications services. The company also offers terrestrial spectrum services and IoT tracking products.

The announcement was made in a company press release, which did not disclose the investment amount or completion timeline for the Canadian expansion projects.

In other recent news, Globalstar Inc. has announced several significant developments. The company entered a Cooperative Research and Development Agreement with the United States Army to evaluate its satellite data solutions for military applications. This partnership aims to assess the performance of Globalstar’s technology in defense scenarios, including secure communications and covert tracking. Furthermore, Globalstar signed a launch agreement with SpaceX for deploying nine replacement satellites using a Falcon 9 rocket, with launches expected to occur later this year and next.

Additionally, Globalstar plans to expand its Alcazar Teleport facility in Spain in collaboration with Telecom Castilla-La Mancha. This expansion will double the site’s capacity with new tracking antennas, enhancing the company’s satellite network resilience across Europe. In another development, Globalstar continues its partnership with CERES TAG to provide satellite connectivity for livestock monitoring, a crucial service amid Mexico’s New World Screwworm outbreak. These recent activities highlight Globalstar’s ongoing efforts to strengthen its satellite infrastructure and explore new applications for its technology.

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