Core Insights - Globalstar, Inc. has commenced construction to expand its Singapore ground station, adding two 6-meter tracking antennas to support its third-generation C-3 mobile satellite system [1][11] - This expansion strengthens Globalstar's presence in Southeast Asia and aligns with its global efforts to enhance satellite coverage and network capacity [2] - The Singapore project is part of a broader C-3 expansion plan that includes approximately 90 new tracking antennas worldwide, aiming to meet the growing demand for mobile satellite communications [3] Financial Performance - In the last reported quarter, Globalstar achieved revenues of $67.1 million, reflecting an 11% year-over-year increase, driven by growth in wholesale capacity services and Commercial IoT [4] - The company reaffirmed its 2025 financial outlook, projecting total revenues between $260 million and $285 million, with an adjusted EBITDA margin of around 50% [7] Strategic Partnerships and Agreements - Globalstar signed a launch services agreement with SpaceX for its second set of replacement satellites and received FCC Space Bureau acceptance for its C-3 petition [4] - The company entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Army to test its edge-processing satellite solutions for defense applications [5] - In July, Globalstar announced agreements with Telecom Castilla-La Mancha, S.A. to expand its Alcazar Teleport facility in Spain, enhancing its capabilities in Europe [6] Stock Performance - Globalstar currently holds a Zacks Rank of 1 (Strong Buy), with its shares gaining 53.4% over the past year, compared to the Zacks Satellite and Communication industry's growth of 67.5% [8]