32 Globalstar Satellites in Space After Eighth Successful Launch.

NEW YORK--(BUSINESS WIRE)--July 25, 1999--

Current Constellation Will Support

Phased Roll-out of Service This Autumn

Globalstar (NASDAQ:GSTRF) today announced the successful launch of an additional four low-earth-orbiting (LEO) satellites into space, bringing the total number of Globalstar satellites that have been successfully launched to 32.

These four satellites complete the minimum space segment configuration required for service beginning in late-September. Twenty additional satellites will be launched through the remainder of the year, increasing system capacity and coverage, and forming Globalstar's final 48-satellite constellation with four spares.

The latest four Globalstar satellites, manufactured by prime contractor Space Systems/Loral, were launched today at 3:46 a.m. EDT aboard a Boeing Delta II launch vehicle from the Cape Canaveral Air Station in Florida.

"Of the many milestones Globalstar has achieved over the last several years, this one - the formation of our 32-satellite initial constellation - is perhaps the most significant ," said Bernard L. Schwartz, chairman and chief executive officer of Globalstar. "Further launches will enhance our system, but for now we can move forward with confidence toward initiation of service as scheduled this autumn."

"Meanwhile, work on our ground infrastructure also continues to move forward as planned," Mr. Schwartz added. "Testing of the system has been very successful, and our service provider partners are stepping up their plans for regional introduction of service."

The Globalstar satellites were separated in pairs from the upper stage of the Delta II rocket at an altitude of 1370 kilometers (851 miles) above the Earth. Flight engineers at Globalstar's ground control center in San Jose, Calif., subsequently acquired the satellites using the six Globalstar telemetry command unit gateways located in Aussaguel, France; Yeoju, South Korea; Dubbo, Australia; Bosque Allegre, Argentina; Delareyville, South Africa; and Clifton, Texas. During the next two weeks, Globalstar engineering teams will raise these satellites to their operational altitude of 1,414 kilometers (877 miles).

Launches will continue through the end of the year, using a combination of Delta and Soyuz launch vehicles. When completed, Globalstar's final satellite constellation will include a full fleet of 48 satellites, backed up by an additional four on-orbit spares.

The Globalstar system is designed to provide affordable satellite-based digital voice services to a broad range of subscribers and users. Globalstar will meet the needs of cellular users and global travelers who roam outside of cellular coverage areas, as well as residents of under-served markets who will use Globalstar's fixed-site phones to satisfy their needs for basic telephony.

Globalstar, led by founding partner Loral Space & Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including Qualcomm Incorporated, AirTouch Communications, Alenia, China Telecom (HK), DACOM, DaimlerChrysler Aerospace, Elsacom (a Finmeccanica Company), TE.SA.M (a France Telecom/Alcatel company), Hyundai, Space Systems/Loral and Vodafone. For more information, visit Globalstar's web site at www.globalstar.com.

Loral Space & Communications (NYSE:LOR) is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and content services, Internet services, and international direct-to-home satellite services. For more information, visit Loral's web site at www.loral.com.