Globalstar shares rise 1.34% after-hours after announcing a Cooperative R&D Agreement with the U.S. Army.

Globalstar, Inc. rose 1.34% in after-hours trading, driven by the announcement of a Cooperative Research and Development Agreement (CRADA) with the U.S. Army. This collaboration aims to evaluate Globalstar's advanced satellite data solutions for the Department of Defense, focusing on low Probability of intercept/low probability of detect (LPI/LPD) communications for covert sensing, unmanned systems, and logistics tracking. The agreement highlights the potential for Globalstar's ultra-low size, weight, power, and cost (SWaP-C) devices in long-duration field deployments with zero maintenance.