Cannes,July 6, 2009 – Thales AleniaSpace welcomes the announcement by Globalstar, Inc. that it has receivedcomplete financing for its second-generation satellite constellation. As primecontractor on this program, Thales Alenia Space had adjusted its satelliteproduction rate to enable its customer to finalize negotiations with itsconsortium of banks. ThalesAlenia Space had also supported the company’s application to receive aguarantee from the trade-credit insurance company Coface.
Based on this major milestone, the parties signed anamendment to the initial contract, specifying in particular the adjustedconditions for production and the new satellite delivery timetable, enablinglaunches to start in 2010.
About Thales Alenia Space
European leader in satellite systems and a majorplayer in orbital infrastructures, Thales Alenia Space is a joint venturebetween Thales (67%) and Finmeccanica (33%). Thales Alenia Space and Telespazioembody the two groups’ “Space Alliance”. Thales Alenia Space sets the globalstandard in solutions for space telecoms, radar and optical Earth observation,defense and security, navigation and science. The company has a total of 7,200employees and 11 industrial sites, with design and manufacturing facilities inFrance, Italy, Spain and Belgium. www.thalesaleniaspace.com