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Space Systems/Loral-Built DIRECTV 7S Satellite Successfully Launched
DIRECTV 7S to provide expanded, high quality local and national video services

PALO ALTO, CALIF. - May 4, 2004 - The DIRECTV 7S high power spot beam direct broadcast satellite, built by Space Systems/Loral (SS/L) for DIRECTV Inc., El Segundo, Calif., was successfully launched at 8:42 am EDT today. The satellite was sent into space on a Sea Launch Zenit-3SL rocket from the Odyssey Launch Platform, positioned on the equator in the Pacific Ocean.

DIRECTV 7S will use highly focused spot beam technology to provide DIRECTV with the capacity to deliver local channels to 41 additional markets, expanding its local channel coverage to a total of 106 markets.

"The high power DIRECTV 7S satellite is the most advanced direct-broadcast satellite ever built," said C. Patrick DeWitt, president, Space Systems/Loral. "The new satellite will allow DIRECTV to more than double the markets in which its customers can watch local television programming, while providing a backup in its other markets. SS/L is extremely proud to deliver DIRECTV 7S and we look forward to continuing our important relationship with DIRECTV as it continues to expand its fleet and services."

 

An Artist's Rendering of the SS/L-Built DIRECTV 7S Satellite

The DIRECTV 7S satellite is the third Loral-built satellite in the DIRECTV fleet. SS/L also is building two additional satellites, DIRECTV 8 and DIRECTV 9S, at its facility in Palo Alto, Calif.

DIRECTV 7S will generate more than 13kW of total satellite power at the beginning of its life and is designed to operate from orbital locations at 101 degrees West longitude, the primary orbital slot for DIRECTV, or 119 degrees West longitude.

The spacecraft is a version of SS/L's space-proven 1300 satellite platform, which has an excellent record of reliable operation. The geostationary 1300 has a designed service life of 15 years and maintains station-keeping and orbital stability by using bipropellant propulsion and momentum-bias systems. In all, SS/L satellites have amassed more than 1,000 years of on-orbit service.

DIRECTV is the United States' leading digital multichannel television service provider with more than 12.2 million customers. DIRECTV and the Cyclone Design logo are registered trademarks of DIRECTV, Inc., a unit of The DIRECTV Group, Inc. (NYSE: DTV). The DIRECTV Group, Inc. is a world-leading provider of digital multichannel television entertainment, broadband satellite networks and services, and global video and data broadcasting. The DIRECTV Group, Inc. is 34-percent owned by Fox Entertainment Group, which is approximately 82-percent owned by News Corporation. For more information, visit www.DIRECTV.com.

Space Systems/Loral, a subsidiary of Loral Space & Communications (OTCBB: LRLSQ), 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 governmental customers whose applications include broadband digital communications, direct-to-home broadcast, defense communications, environmental monitoring, and air traffic control. SS/L satellites have amassed more than 1000 years of reliable on-orbit service. SS/L is ISO 9001:2000 certified. For more information, visit www.ssloral.com.

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.

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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 Ltd. 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 by Loral with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of Loral. 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 include those related to the filing, on July 15, 2003 by Loral and certain of its subsidiaries, of voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Code in the United States District Court for the Southern District of New York and parallel insolvency proceedings in the Supreme Court of Bermuda in which certain partners of KPMG were appointed as joint provisional liquidators. Additional factors and conditions are also described in the section of Loral's annual report on Form 10-K for the fiscal year ended December 31, 2003, entitled "Certain Factors That May Affect Future Results," and Loral's other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

 

Contact:
John McCarthy
Loral Space & Communications
212/697-1105

 

 
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