Globalstar Gaining Traction As It Builds Out Its MSS Network (Rating Upgrade)

Core Insights - Globalstar, Inc. is advancing its position as a significant communications satellite operator by expanding its Low Earth Orbit (LEO) constellation to improve service offerings for government and defense, IoT, and MSS applications [1] Group 1: Company Developments - Globalstar has secured a new contract with an estimated value that will support its expansion efforts in the satellite communications sector [1] Group 2: Industry Context - The expansion of Globalstar's LEO constellation is aimed at enhancing its capabilities in various sectors, including government and defense, which indicates a strategic focus on high-demand markets [1]