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3825 Fabian Way
Palo Alto, CA 94303-4604
Space Systems/Loral Wins Contract To Build
New Satellite
For Intelsat Corporation
Palo
Alto, CA -
January 19, 2007—Space Systems/Loral (SS/L), a subsidiary
of Loral Space & Communications
(NASDAQ:LORL) and the world's leading provider of high-power commercial
satellites, today announced that Intelsat Corporation has awarded SS/L
a contract to manufacture Intelsat 14, a new, high-power C- and Ku-band
fixed satellite service (FSS) satellite.
"This contract underscores our long-standing relationship
with Intelsat," said
John Celli, president of Space Systems/Loral. "This new project
provides SS/L the opportunity to demonstrate our success in combining
heritage, space-proven satellite technology with new innovation. We are
pleased to be awarded the contract for this important new member of Intelsat's
global fleet."
Intelsat 14, to be located at 45 degrees West longitude, will be the
44th Space Systems/Loral satellite built over the past four decades for
Intelsat, the world's largest fixed satellite services operator. The
satellite will carry 40 C-band and 22 Ku-band transponders across four
different beams, covering the Americas , Europe and Africa.
Intelsat 14 will have a design life of 15 years and will replace the
PAS-1R satellite when the new satellite is delivered in 2009. Its high
efficiency solar arrays and lightweight batteries are designed to provide
uninterrupted electrical power. The satellite is based on SS/L's 1300
platform, which features qualified, flight proven subsystems and a long
record of reliable operation. In all, SS/L satellites have amassed more
than 1,300 years of reliable on-orbit service.
Intelsat 14 is the first satellite awarded to SS/L in 2007. The company
received seven satellite awards in 2006 from a wide variety of customers,
including FSS operators, direct-to-home and satellite radio service providers.
About Space Systems/Loral
Space Systems/Loral is a premier designer, manufacturer, and integrator
of powerful satellites and satellite systems. SS/L also provides a range
of related services that include mission control operations and procurement
of launch services. Based in Palo Alto, Calif., the company has an international
base of commercial and government customers whose applications include
broadband data communications, television and radio broadcasting, mobile
satellite services, fixed satellite services, defense communications,
environmental monitoring, and air traffic control. SS/L satellites have
amassed more than 1,300 years of reliable on-orbit service. SS/L is ISO
9001:2000 certified. For more information, visit www.ssloral.com.
About Loral Space & Communications
Loral
Space & Communications is a satellite
communications company. In addition to Space Systems/Loral, through
its Skynet subsidiary Loral owns and operates a fleet of telecommunications
satellites used to broadcast video entertainment programming, and for
broadband data transmission, Internet services and other value-added
communications services. For more information, visit Loral's web site
at www.loral.com.
# # #
This document 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, Loral Space & Communications Inc. or its representatives have made
or may make forward-looking statements, orally or in writing, which may
be included in, but are not limited to, various filings made from time
to time 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. Many of these factors and conditions
are described under the caption "Risk Factors" in each of the
company's annual report on Form 10-K for the fiscal year ended December
31, 2005 and its quarterly reports on Form 10-Q for subsequent periods.
The reader is specifically referred to these documents, as well as the
company's other filings with the Securities and Exchange Commission.
Investor Contact: John McCarthy
Loral Space & Communications
(212) 338-5345
Media Contact: Wendy Lewis
Space Systems/Loral
(650) 852-5188
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