Space Shuttle Launches Successfully Carrying SS/L Hardware

PALO ALTO, Calif. - March 16, 2009 - The Space Shuttle Discovery (STS-119) successfully launched on Sunday, March 15, at 7:43 p.m. EDT (4:43 p.m. PDT). The mission's cargo includes 3.25 tons of SS/L hardware to be delivered to the International Space Station. This event will mark the fourth launch of 2 Sequential Shunt Units (SSUs), 6 Battery Charge/Discharge Units (BCDUs), and 12 battery orbital replacement units in support of the International Space Station.

Previous launches of the P6 Integrated Electronic Assembly, P3/P4 Integrated Electronic Assembly Truss, and the S3/S4 Integrated Truss, were the first, second and third launches of SS/L hardware. The SS/L manufactured SSUs, BCDUs, and batteries continue to perform flawlessly.

Congratulations to the SS/L ISS team for the continued hard work and dedication.

About Space Systems/Loral
Based in Palo Alto , California , SS/L designs and builds satellites and spacecraft systems for commercial and government customers around the world. As the leading provider of commercial satellites, the company works closely with satellite operators to deliver spacecraft for a broad range of services including direct-to-home television, digital audio radio, broadband Internet, and digital multimedia broadcasting. With more active transponders on 3-axis controlled spacecraft than any other satellite manufacturer, SS/L helps customers meet business objectives with advanced solutions based on space-proven heritage designs. For more information, visit www.ssloral.com.

About Loral Space & Communications
Loral Space & Communications is a satellite communications company. Through its Space Systems/Loral subsidiary, the company is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring, and air traffic management. Loral also owns 64 percent of Telesat Canada , one of the world's largest providers of satellite services. Telesat Canada operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute direct-to-home video and broadband data services, and other value-added communications services. For more information, visit Loral's web site at www.loral.com.

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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 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 the company's annual report on Form 10-K for the fiscal year ended December 31, 2007 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.



Wendy Lewis
Space Systems/Loral