LA PLATA, Maryland — Mobile satellite services provider Globalstar Inc. eported a 10% increase in revenue for the three months ending June 30, with declining equipment sales more than offset by an 18% increase in service revenue that drove a 20% increase in adjusted EBITDA.
Still waiting for expected large government services contract
The company had no updates on its ongoing proof-of-concept testing with an unnamed government services customer that, if successfully completed, will result in a five-year contract with minimum annual revenue commitments climbing to $20 . . .
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