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Technology Stocks : GLOBALSTAR - The New Beginning - GSTRF / GSTRQ

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From: pcstel	3/20/2010 12:56:28 AM
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Thales Alenia Space..... Where is IRIDIUM?? With the rumor mill abuzz regarding Lockheed Martin and Iridium actively lobbying Capital Hill to help secure EIB backing for Iridium Next. Thales provided their active financing projects and Iridium appears not to be on the list.. spacenews.com Thales Alenia Space Foresees No Growth this Year ............... Reynald Seznec, chief executive of the Franco-Italian company, said new orders in 2009 totaled 2.2 billion euros, bringing the company’s backlog at Dec. 31 to 2.8 billion euros. This figure includes only partial contributions from several satellite programs for which Thales Alenia Space is prime contractor or co-prime but that are awaiting further financing. These programs include the Yamal 401 and Yamal 402 telecommunications satellites from Gazprom Space Systems of Russia, which are in line for loan guarantees from France’s export-credit agency, Coface. Also awaiting a final financing round, including Coface backing, is O3b Networks of Britain’s Jersey Islands. ************************************* Indeed Mr. Seznec's statements appear in stark contrast to the statement earlier this week in which it was opined that "Iridium is almost certain to win Coface support for the Thales Alenia Space bid." According to industry officials. spacenews.com PCSTEL

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