Globalstar Announces Satellite Launch Update

Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, government and consumers, today announced that its upcoming launch of six second-generation satellites planned for mid October will be delayed. Russian Space Agency officials notified the Company of the delay and said it will undertake complete inspections of all Soyuz 2.1a launch vehicles, including three to be used for launches to the International Space Station and Globalstar's, following a recent launch failure. More

(Source: MarketWatch - Sep 14)