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Technology Stocks : Alcatel-Lucent (ALU)

ALU 3.460

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Mar 3 4:00 PM EST

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From: Eric L	12/4/2006 12:27:28 PM
	of 176

Globalstar Lives On ... ... with 15 new Alcatel-Lucent birds for space cadets. This may be the space business unit Alcatel-Lucent is selling to Thales. Alcatel-Lucent Says It Space Unit Won €661 Million Order With Globalstar The Associated Press Paris December 4, 2006 tinyurl.com Alcatel-Lucent said Monday that its space unit won a €661 million contract (US$882 million) with Globalstar Inc. to design, manufacture and deliver 48 low-earth-orbit satellites. The contract also includes the provision of support services before and during the launches and mission operations support. California-based Globalstar provides mobile satellite voice and data services to businesses. The agreement "not only secures the Globalstar space segment through at least 2025, but also takes us another step to offering a host of exciting future services," said Globalstar Chief Executive Jay Monroe. Globalstar satellites will have a lifetime of 15 years. << - Eric -

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