Globalstar secures multiple government contracts worth $60 million

COVINGTON, La. - Globalstar, Inc. (NASDAQ:GSAT), a satellite communications provider with a market capitalization of $3.42 billion and impressive revenue growth of ~15% over the last twelve months, has secured multiple government contracts expected to generate at least $60 million in revenue over the next five years, the company announced Thursday in a press release. According to InvestingPro analysis, the company maintains a healthy current ratio of 2.81, indicating strong liquidity to support its operational expansion.

The company has completed a proof of concept with defense technology provider Parsons for satellite-enabled software-defined communications, advancing to the commercial phase with an executed access agreement. The technology addresses challenges in compromised signal environments.

Globalstar also reported that its XCOM RAN technology will be evaluated for high-capacity architecture in 5G defense applications. The system’s plug-and-play architecture combined with the company’s Band 53 spectrum assets enables rapid deployments for mission-critical applications.

Additionally, the company has entered into a Cooperative Research and Development Agreement with the U.S. Army to demonstrate edge computing capabilities for enhanced situational awareness in tactical environments.

"These recent wins validate the mission-critical reliability of our satellite and terrestrial solutions in the most demanding operational environments," said Dr. Paul E. Jacobs, Globalstar CEO, according to the statement.

Globalstar operates a Low Earth Orbit satellite constellation and provides telecommunications infrastructure and technology services. The company indicated that its government customer base is projected to significantly increase this revenue category beyond the current contracted minimums.

In other recent news, Globalstar Inc. reported its second-quarter earnings for 2025, showcasing a significant increase in revenue alongside strategic advancements in product development and market expansion. These financial results highlight positive developments in the company’s performance and future outlook. Additionally, Globalstar has commenced construction to expand its ground station in Singapore. This expansion includes adding two 6-meter tracking antennas to support the company’s third-generation C-3 mobile satellite system. The project builds on Globalstar’s longstanding 17-year partnership with Singtel, enhancing service offerings across Southeast Asia. These recent developments reflect Globalstar’s ongoing efforts to strengthen its infrastructure and market presence.

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