- Parsons Corporation (NYSE:PSN) and Globalstar (NYSE:GSAT) announce exclusive partnership to support the public, government, and defense sectors.
- The partnership also includes the successful demonstration of Parsons’ software-defined satellite communications solution using Globalstar’s Low Earth Orbit (LEO) satellite constellation.
- “By leveraging Globalstar’s advanced satellite technology, we are optimizing the Parsons capability solution to provide communications connectivity, especially in areas where radio frequency congestion poses challenges,” said Mike Kushin, president of Defense and Intelligence for Parsons.
- GSAT shares were up 2.4% in after hours trading on Tuesday.