This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Globalstar Confirms February 5th Launch Date

COVINGTON, La., Jan. 25, 2013 (GLOBE NEWSWIRE) -- Globalstar, Inc. (OTCBB:GSAT) today announced that its fourth launch of six second generation satellites has been confirmed for February 5, 2013 at the following time:
10:20 p.m. Baikonur time
08:20 p.m. Moscow time
05:20 p.m. Paris time
11:20 a.m. Eastern Standard Time
10:20 a.m. Central Standard Time
08:20 a.m. Pacific Standard Time

This will be the fourth and final launch from the Cosmodrome in Baikonur, Kazakhstan, completing Globalstar's plan to orbit 24 second-generation satellites. Globalstar has previously launched 18 second-generation satellites in launches that occurred on October 19, 2010, July 13, 2011 and December 28, 2011. Globalstar has placed into commercial service all of the previously launched second-generation satellites.

The February 5 th launch is the last launch necessary to fully restore Globalstar's Duplex service to the high level of quality that Globalstar's customers have historically enjoyed. Globalstar's second-generation satellites were designed and manufactured by Thales Alenia Space with a service life of fifteen years, twice that of Globalstar's first-generation satellites.  

Globalstar's launch services provider, Arianespace, will utilize the highly reliable Soyuz Fregat launch vehicle. Globalstar, in association with Arianespace, has previously completed eleven launches utilizing the Soyuz, which is credited with more than 1795 successful launches to date.

All six second-generation satellites for the fourth launch have been fueled and mated to the Dispenser, and the Upper Composite has been transferred to the assembly facility near the launch pad where it will be mated to the Soyuz.

Members of Globalstar's executive management team, including Anthony Navarra, President of the Space Program, and L. Barbee Ponder, General Counsel and Vice President Regulatory Affairs, will attend the launch.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs