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WildWest

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WildWest

Re: None

Wednesday, 06/26/2013 9:22:11 PM

Wednesday, June 26, 2013 9:22:11 PM

Post# of 157300
GTC was a very profitable company before the collapse of the GSAT network. As the second generation GSAT network is rebuilt, I suspect they will be very profitable again. GSAT has leading edge technology now and is 'hopefully' fully funded for future ground stations.

GTC secured the first BIB contract($600K) and has generated approx. $1M/ per year in sat phone business. I would say they have been a very good acquisition.
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