Globalstar and Thales Alenia reached an agreement settling an arbitration...
Globalstar and Thales Alenia reached an agreement settling an arbitration dispute. Globalstar “agreed to the terms of a commercial proposal for the purchase of six additional spacecraft from Thales,” Globalstar said Monday in a release. Construction of the satellites will…
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begin this year, it said. In May, Globalstar was ordered to pay $67 million to Thales after it terminated an agreement with Thales due to a delay in manufacturing (CD May 22 p13). This agreement establishes “a clean slate for the program once again such that the parties are now positioned to work as strategic partners for the long-term,” Globalstar said.