<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June 9, 1998
GLOBALSTAR TELECOMMUNICATIONS LIMITED
(Exact name of registrant as specified in its charter)
Islands of Bermuda 0-25456 13-3795510
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
Cedar House, 41 Cedar Avenue, Hamilton, Bermuda HM 12
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(441) 295-2244
GLOBALSTAR, L.P.
(Exact name of registrant as specified in its charter)
Delaware 333-25461 13-3759824
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
3200 Zanker Road, P.O. Box 640670, San Jose CA 95164
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(408) 473-5550
<PAGE> 2
Item 5. Other Events.
Globalstar launched its first four satellites on February 14, 1998
and its second group of four satellites on April 24, 1998. The first four
Globalstar satellites have reached their final orbital positions and are
currently being used to test basic system functionality. The second four
Globalstar satellites will soon reach their final orbital positions, where they
will be used to test, among other things, the system's inter-satellite hand-off
capabilities. Globalstar has an additional 18 completed satellites on hand, 12
of which are to be launched on a Ukrainian Zenit launch vehicle. Production is
proceeding for the remaining satellites to meet scheduled launch dates. Mission
operations preparations, launch vehicle production and dispenser development are
on schedule, and all U.S. export licenses necessary for foreign launches have
been obtained. The most recent Zenit launch (which did not involve any
Globalstar satellites) ended in failure. The next scheduled Zenit launch (of a
Russian military spacecraft), originally scheduled for May 1998, has been
rescheduled to July 1998, when another Zenit launch of a Russian payload is also
scheduled. Globalstar's initial launch on this vehicle has consequently been
rescheduled for August 1998, following the two scheduled Russian launches but
Globalstar does not believe that this rescheduling will delay the Globalstar
in-service date. A Zenit launch failure could substantially delay Globalstar's
launch program. A launch incident that destroys or substantially damages the
Zenit launch pad (which is the only pad from which this rocket can be launched)
would result in further delays in Zenit availability. In the event of any Zenit
failure, Globalstar would be entitled to a free launch on Zenit, but if it
elected to forego this right and launch on another rocket, it would incur
substantial additional expense.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: June 9, 1998
GLOBALSTAR TELECOMMUNICATIONS LIMITED
-------------------------------------
(Registrant)
By: /s/ Eric J. Zahler
---------------------------------
Eric J. Zahler
Vice President and Secretary
GLOBALSTAR, L.P.
----------------
(Registrant)
By: Loral/Qualcomm Satellite Services,
L.P.
By: Loral/Qualcomm Partnership, L.P.
By: Loral General Partner, Inc.
By: /s/ Eric J. Zahler
---------------------------------
Eric J. Zahler
Vice President and Secretary
