WASHINGTON--(BUSINESS WIRE)--Jun 25, 2025--
TrustPoint, a pioneer in next-generation space-based positioning and navigation solutions, is proud to announce the successful launch and first contact of its third free-flying satellite, Time Flies, aboard the latest rideshare launch out of Vandenberg Space Force Base on Monday. This milestone strengthens TrustPoint’s leadership in delivering innovative Positioning, Navigation, and Timing (PNT) services from Low Earth Orbit (LEO).
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Time Flies, TrustPoint’s third satellite launch in two years, integrates substantial technological advancements, including increased power and autonomy. These innovations enhance the company's compact C-band payload, supporting demonstrations and further advancing field testing of TrustPoint-enabled receivers currently in development by the company's growing portfolio of product partners.
"With the successful launch and first contact of Time Flies, TrustPoint continues to prove that a commercial GPS alternative from LEO is not only possible, it’s here," said Patrick Shannon, Founder and CEO of TrustPoint. "As global demand for alternative and complementary PNT systems accelerates, TrustPoint is uniquely positioned to unlock significant market potential. By addressing pressing customer needs from Low Earth Orbit, we’re paving the way for substantial value creation for our commercial partners and investors."
Building on the successes of earlier missions ( It’s About Time and Time We’ll Tell ), Time Flies underscores TrustPoint’s focus on performance and autonomy to meet commercial and national security requirements. The mission is supported by an all-U.S. team, showcasing the collaboration and expertise driving TrustPoint’s initiatives.
"TrustPoint was founded to enable new applications and address new threats," said Chris DeMay, Founder and COO of TrustPoint. “From program kickoff to first telemetry, the Time Flies mission has been executed flawlessly, validating our technical foundation and reinforcing our ability to respond to global needs for GPS resilience and national security.”
About TrustPoint, Inc.
TrustPoint is developing a revolutionary commercial GPS service, leveraging their C-band LEO satellite constellation. The TrustPoint system has been developed from the ground up to achieve the high performance, security, and availability required for autonomous navigation, critical infrastructure, and national security. Learn more at www.trustpointgps.com.
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Mission Patch for TrustPoint's Third Satellite - Time Flies
DUBAI, United Arab Emirates (AP) — Iran targeted the world’s busiest international airport Wednesday and attacked commercial ships as U.S. and Israeli strikes rocked Tehran, while the United Nations' most powerful body demanded a halt to the Islamic Republic’s strikes on its Gulf neighbors that threaten global oil supplies.
The latest attacks marked an escalation in Iran's campaign aimed at generating enough global economic pain to pressure the United States and Israel to end the war that started 12 days ago. But there were no signs that the conflict was letting up.
The first week of war with Iran cost the United States $11.3 billion, according to the Pentagon, which provided the estimate to Congress in a briefing earlier this week, according to a person familiar with the situation who spoke on condition of anonymity to discuss the private meeting. The military reported spending $5 billion on munitions alone in the war's first weekend.
Both sides have dug in, hoping to outlast the other as the conflict upends trade routes, chokes supplies of fuel and fertilizer coming out of the Gulf and threatens air traffic through one of the world’s most-traveled regions.
Iran has targeted oil fields and refineries in Gulf Arab nations and effectively stopped cargo traffic through the narrow Strait of Hormuz, through which a fifth of all traded oil passes.
In response, the International Energy Agency agreed to release 400 million barrels of oil, the largest volume of emergency oil reserves in its history, in a bid to counter the war's effects on energy markets. The U.S. planned to release 172 million barrels of oil next week from its Strategic Petroleum Reserve to combat steep prices.
The U.N. Security Council voted Wednesday to approve a resolution demanding a halt to Iran’s “egregious attacks” on its Gulf neighbors.
Among the most recent attacks, four people were wounded after two Iranian drones hit near Dubai International Airport in the United Arab Emirates, though flights continued, the Dubai Media Office said. Firefighters extinguished a blaze early Thursday at a luxury apartment tower in Dubai Creek Harbor after an Iranian drone strike.
Bahrain’s Ministry of Interior said Iranian-linked attacks targeted fuel tanks at a facility in Muharraq Governorate, northeast of the country’s capital, Manama, while crews at Oman’s Port of Salalah battled a blaze at fuel storage tanks there, according to the Oman News Agency.
“The international community is resolute in rejecting these Iranian attacks against sovereign countries that are threatening the stability of the peoples, especially in a region of strategic importance to global economy, energy, security and security of global trade,” said Bahrain’s U.N. ambassador, Jamal Alrowaiei.
The 13-0 vote in the U.N.’s most powerful body reflects Iran’s isolated position as it has aggressively responded to Israeli and U.S. strikes. China and Russia — two Iranian allies — abstained from the vote.
Their U.N. ambassadors called the proposal “extremely unbalanced” in not mentioning the strikes against Tehran that began the war.
Russia’s U.N. ambassador, Vassily Nebenzia, said it might leave the impression that Iran, “on its own volition and out of malice, conducted an unprovoked attack on Arab states.” Iranian U.N. Ambassador Amir Saeid Iravani said the resolution “deliberately ignores the root causes of the current crisis.”
Meanwhile, more attacks in Gulf countries were reported.
Drones were launched toward the cities of Irbil and Sulaymaniyah in Iraq’s Kurdistan region, while in the southern part of the country, an oil vessel flying the Australian flag was struck near Khor Al-Zubair Port, according to two Iraqi navy officials who also spoke on condition of anonymity because they were not authorized to comment publicly.
The official said 25 members of the crew were rescued. It was not immediately clear whether any others were missing.
On Thursday, sirens wailed and loud explosions were heard shortly after midnight in Jerusalem and other parts of Israel. The Israeli military said it was responding with another “wide-scale wave of strikes” in Tehran.
The fallout across the Middle East widened as Israel also struck what it said were targets connected to Iran-backed Hezbollah militants in Lebanon.
An Israeli strike hit a car Thursday in Ramlet al-Bayda, a major seaside tourist area on the eastern side of Beirut where dozens of displaced people have been sheltering. Seven people were killed and 21 others were wounded, the Lebanese Health Ministry said. Israel’s military did not immediately respond to a request for information.
Blasts shook Beirut’s southern suburbs Wednesday, producing fires and plumes of smoke. Israel's military said the strikes were in response to Hezbollah firing dozens of rockets fired simultaneously across northern Israel. It marked some of the heaviest fighting between the two since the war began.
One rocket hit a house near the Israeli town of Karmiel, lightly injuring two people, according to Israeli rescue services.
At least 634 people have been killed in Lebanon since the latest fighting began, the Lebanese Health Ministry said Wednesday.
The U.N. refugee agency said at least 759,000 people have been internally displaced in Lebanon.
Iranian authorities say more than 1,300 people have been killed there, and Israel has reported 12 people dead. The U.S. has lost seven soldiers while another eight have suffered severe injuries.
The United States has pledged to keep the strait open and has led intense airstrikes targeting Iran's navy and the port city of Bandar Abbas. The U.S. military said Tuesday it destroyed 16 Iranian minelayers near the strait.
At least 12 incidents involving vessels around the strait have been confirmed since fighting began, according to two global trackers, and at least seven mariners have been killed.
A projectile hit a Thai cargo ship off the coast of Oman in the strait, setting it ablaze. Authorities are searching for three missing crew members from the Mayuree Naree after 20 were rescued by the Omani navy, according to Thailand’s Marine Department.
This story has been corrected to fix a misspelling of the first name of Bahrain's U.N. ambassador.
Abou AlJoud reported from Beirut. Mascaro reported from Washington. Associated Press writer Sam Mednick in Tel Aviv, Israel, also contributed to this report, along with AP journalists around the world.
A man, left, carries the body of his son, Kassem Younis, who was killed in an Israeli airstrike, during his funeral procession in the southern village of Chehabiyeh, Lebanon, Wednesday, March 11, 2026. (AP Photo/Mohammed Zaatari)
Flames rise from an Israeli airstrike in Dahiyeh, Beirut's southern suburbs, Wednesday, March 11, 2026. (AP Photo/Hassan Ammar)
Children and adults play on swings on the beach as oil tankers and cargo ships line up in the Strait of Hormuz near Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri)
A man holds a picture of late Defense Minister Aziz Nasirzadeh beside his coffin as mourners attend the funeral procession for senior Iranian military officials and civilians killed during the U.S.-Israel campaign in Tehran, Iran, Wednesday, March 11, 2026. (AP Photo/Vahid Salemi)
A mourner holds a poster depicting Ayatollah Mojtaba Khamenei, right, the successor to his late father Ayatollah Ali Khamenei, left, as supreme leader, during the funeral procession for senior Iranian military officials and civilians killed during the U.S.-Israel campaign in Tehran, Iran, Wednesday, March 11, 2026. (AP Photo/Vahid Salemi)
Smoke rises from a building following an Israeli airstrike in Dahiyeh, Beirut's southern suburb, Wednesday, March 11, 2026. (AP Photo/Hassan Ammar)
Mourners attend the funeral procession for senior Iranian military officials and some civilians killed during the U.S.-Israel campaign, in Tehran, Iran, Wednesday, March 11, 2026. (AP Photo/Vahid Salemi)
FILE - A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. (AP Photo/Mohsen Ganji, File)
Rescue workers gather at the site where Israeli airstrikes hit apartments in Beirut, Lebanon, Wednesday, March 11, 2026. (AP Photo/Hussein Malla)
People take shelter in an underground metro station as air raid sirens warn of incoming Iranian missile strike, in Ramat Gan, Israel, Tuesday, March 10, 2026. (AP Photo/Oded Balilty)
A man passes in front of a destroyed building that housed a branch of Al-Qard Al-Hassan, a non-bank financial institution run by Hezbollah, which was hit by an Israeli airstrike in Dahiyeh, Beirut's southern suburbs, Lebanon, Tuesday, March 10, 2026. (AP Photo/Hussein Malla)
People walk past closed shops at the nearly empty traditional main bazaar in Tehran, Iran, Tuesday, March 10, 2026. (AP Photo/Vahid Salemi)
Motorbikes drive past a billboard depicting Iran’s late Supreme Leader Ayatollah Ali Khamenei, center, handing the country’s flag to his son and successor Ayatollah Mojtaba Khamenei, right, as the late revolutionary founder Ayatollah Ruhollah Khomeini stands at left, in a square in downtown Tehran, Iran, Tuesday, March 10, 2026. (AP Photo/Vahid Salemi)
Smoke rises from an Israeli airstrike in Dahiyeh, Beirut's southern suburbs, Lebanon, Tuesday, March 10, 2026. (AP Photo/Bilal Hussein)
