SPACE SYSTEMS/LORAL TO LAUNCH 36 GLOBALSTAR SATELLITES ON THREE ZENIT ROCKETS.NEW YORK--(BUSINESS WIRE)--May 16, 1995--Space Systems/Loral, a subsidiary of Loral Corporation (NYSE NYSE See: New York Stock Exchange :LOR LOR Letter Of Reprimand (military) LoR Lord of the Rings (J.R.R. Tolkien) LOR Learning Object Repository LOR Linux.Org. ), has selected NPO NPO [L.] nil per os (nothing by mouth). NPO abbr. Latin nil per os (nothing by mouth) NPO Nothing by mouth Yuzhnoye to launch 36 Globalstar satellites into low-earth-orbit aboard three Zenit-2 launch vehicles. The three launches, consisting of 12 satellites per launch, will be conducted from the Baikonur Cosmodrome in Kazakhstan in 1998. The 12-satellite launch configuration will be composed of three tiers of four satellites each, allowing each satellite to be dispensed sequentially. The dispensing technology will be derived from previous Multiple Independent Reentry Vehicle (MIRV MIRV: see guided missile. MIRV in full multiple independently targeted reentry vehicle Any of several nuclear warheads carried on the front end of a ballistic missile. ) development. The agreement gives Globalstar access to reliable and moderately-priced launch services, and enables Ukraine to convert defense-related technology to help advance a commercial project that will enhance global communications. Globalstar (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :GSTRF GSTRF Globalstar Telecommunications Ltd ) is a low-earth orbit satellite- based telecommunications system founded by Loral Corporation and Qualcomm Inc., that will offer low-cost, high quality global telephony and other digital telecommunications services to areas currently underserved or not served by existing wireline and cellular telecommunications systems. The Globalstar system will allow users to make phone calls with hand-held, vehicle-mounted, and fixed-site telephones from anywhere to anywhere -- by routing calls up to one of the 48 Globalstar satellites, down to a Globalstar gateway ground- station, and on through the existing public switched telephone network (PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. ). The launch of the first four Globalstar satellites is scheduled for 1997 from Cape Canaveral, Fla., aboard a two-stage Delta II rocket provided by McDonnell Douglas. An additional eight to 12 Globalstar satellites will be launched by the end of the fourth quarter of 1997. Globalstar will commence initial commercial operations in 1998. The total number of satellites to be launched is 56 satellites, which includes eight in-orbit spares. Space Systems/Loral has a fixed-price contract for the construction of Globalstar's satellites, which it will perform in conjunction with various other members of the international Space Systems/Alliance, which includes Aerospatiale and Alcatel of France, Daimler-Benz Aerospace of Germany and Finmeccanica of Italy, and with Hyundai of South Korea. Space Systems/Loral, based in Palo Alto, Calif., designs and manufactures complex, high-powered satellites for telecommunications and environmental applications. The company is the prime contractor for the TEMPO and PanAmSat direct broadcast satellite, INTELSAT VII and N-Star communications satellites, as well as the latest series of weather-watch satellites, GOES (Geostationary Operational Environmental Satellite The Geostationary Operational Environmental Satellite (or GOES) program is a key element in United States' National Weather Service (NWS) operations. GOES weather imagery and quantitative sounding data are a continuous and reliable stream of environmental information used to ), the next generation of U.S. weather forecasting satellites. Loral Corporation, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is a high- technology company that primarily concentrates in defense electronics, communications, space and systems integration. CONTACT: Loral Corp. Joanne Hvala (212) 697-1105 or David C. Benton (703) 416-5531 |
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