Wednesday , 8th February 2012
OHB System awarded an addendum to sub-contract for EDRS by Astrium
Steffen Leuthold   
Tuesday, 25 October 2011

OHB System AG, a company of OHB AG (ISIN: DE0005936124, Prime Standard) and Astrium, the industrial prime contractor in the implementation of the European Data Relay Satellite System (EDRS), signed an addendum to the existing preliminary authorization to proceed (PATP) for the development and construction of a dedicated EDRS satellite.

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Globalstar Places Order With Thales Alenia Space for Additional Second-Generation Satellites
Dean Hirasawa   
Monday, 03 October 2011

Globalstar, Inc. (NASDAQ:GSAT), a leading provider of mobile satellite voice and data services to businesses, government and consumers, today announced that it has placed an order with Thales Alenia Space for an additional six satellites. This is in addition to the 25 satellites already ordered under the 2006 second-generation constellation contract.
According to the terms of the contract these satellites will cost approximately EUR 55 million and should be delivered by mid-2013. The fast track delivery, agreed upon when the contract was signed in 2006, is due to the fact that Globalstar has previously purchased EUR 12 million in long lead items that facilitate the prompt manufacture of these six spacecraft. Additionally, the incremental purchase amount is particularly price competitive due to the fact that Globalstar has already prepaid over EUR 53 million as part of its 2009 COFACE financing. Thus, combined with the EUR 12 million long lead items, Thales has already received approximately EUR 65 million for these satellites. Further payments will not be made until Thales Alenia Space initiates the manufacturing process.
"Notwithstanding the previously announced arbitration proceedings, we look forward to receipt of these satellites for our second-generation constellation" said Jay Monroe, Executive Chairman and CEO of Globalstar, Inc. "This is a complicated project and we value Thales's ability to deliver on time and on budget."
About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, the SPOT family of mobile satellite consumer products including the SPOT Satellite GPS Messenger™ and flexible airtime service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational consumers. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. All SPOT products described in Globalstar or SPOT LLC press releases are the products of Spot LLC, which is not affiliated in any manner with Spot Image of Toulouse, France or Spot Image Corporation of Chantilly, Virginia.

Globalstar, Inc. (NASDAQ:GSAT), a leading provider of mobile satellite voice and data services to businesses, government and consumers, today announced that it has placed an order with Thales Alenia Space for an additional six satellites.

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ILS And SES Announce Launch Agreement Satellite In 2011
Yves Feltes   
Tuesday, 14 July 2009

ILS International Launch Services (ILS) and SES (Euronext Paris and Luxembourg Stock Exchange: SESG) today announced the execution of an agreement for the launch of QuetzSat-1 on a Proton booster in 2011.

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Conferences & Events

Lithuanian Space Association is organizing the 2nd international space conference in Lithuania “Space Economy in the Multipolar World, SEMW 2011″. The conference is held on 16-18 November, 2011 in Vilnius.

Venue: Radisson Blue Hotel Lietuva, Konstitucijos av. 20, Vilnius

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