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(GSAT, CIT, AIT, GBLHF, A) Stock Highlights by DoubleInStocks.com

December 29th, 2011 at 02:51 pm











Globalstar Announces Successful Third Launch of Six New Second-Generation Satellites

With 18 New Satellites Now in Orbit, Fourth Launch is Expected to Restore Industry Leading Mobile Satellite Voice and Data Services



Globalstar, Inc. (Nasdaq:GSAT) announced that six new second-generation Globalstar satellites were successfully launched from the Baikonur Cosmodrome in Kazakhstan.

The Globalstar satellites were launched on Wednesday, December 28, 2011 at 11:09:02 p.m. local Baikonur time (5:09 p.m. UTC and 12:09 p.m. EST) using the Soyuz-Fregat version of the Soyuz launch vehicle. There have been more than 1780 successful launches of the Soyuz family launch vehicle.

"It is with great pleasure that we announce the successful third launch and continued deployment of our second-generation constellation," said Tony Navarra, President of Global Operations for Globalstar, Inc. "We are now only one launch away from completing our four second-generation satellite launches and we look forward to the future services our new constellation will support. With these six new satellites now safely in orbit, we once again congratulate and applaud all of our Globalstar employees world-wide and thank launch provider Arianespace as well as our satellite contractor Thales Alenia Space for this launch success."

Read full article at : http://doubleinstocks.com/19868/stock-alerts/gsat-cit-ait-gblhf-a-stock-highlights-by-doubleinstockscom/


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