Loral Space & Communications: Company Overview

Headquartered in New York, Loral Space & Communications (NASDAQ: LORL) is a satellite communications company with activities in two primary areas: satellite manufacturing and satellite services.

Loral's manufacturing business, Space Systems/Loral (SS/L), is one of the world's largest designers and manufacturers of satellites and satellite systems for commercial and government users. Since the advent of the space age more than 45 years ago, SS/L has developed state-of-the-art spacecraft for applications that include satellite services, television broadcasting, direct-to-home (DTH) television services, broadband communications, military communications, wireless telephony, digital satellite radio, weather monitoring and air traffic management. SS/L is located in Palo Alto, Calif.

Loral owns 64% of Telesat, one of the world's largest operators of communications satellites. Telesat was formed by combining the global resources and expertise of two of the most successful and respected companies in the satellite industry, Loral Skynet and Telesat Canada. Together with terrestrial fiber and other resources, Telesat provides services and platforms for use by television and cable networks to broadcast video programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Telesat's satellite network provides reliable, high-bandwidth services around the globe, serving as the backbone for many forms of telecommunications. Telesat is based in Ottawa, Canada.

In addition, Loral owns 56 percent of XTAR, a joint venture between Loral and HISDESAT, a consortium comprised of leading Spanish telecommunications companies, including Hispasat, S.A., and agencies of the Spanish government. Through its XTAR-EUR satellite, XTAR provides X-band services to government users in the United States, Spain and other allied countries, including the US Department of State, the Spanish Ministry of Defence and Danish armed forces. XTAR's headquarters are in Rockville, Md.

Note: Information on this site contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Loral Space & Communications Inc. or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. These factors and conditions have been described in various filings made by the company with the Securities and Exchange Commission.