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SPACE SYSTEMS/LORAL SELECTED TO PROVIDE POWERFUL COMMUNICATIONS SATELLITES TO INTELSAT

With Unprecedented Transponder Capacity, Intelsat 19 and Intelsat 20’s Most In-demand Applications

Palo Alto, Calif. – June 18, 2009 — Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NASDAQ: LORL) and the world’s leading provider of commercial satellites, today announced that it has been awarded a contract to provide two new satellites to Intelsat, the leading provider of Fixed Satellite Services (FSS) worldwide.  The two satellites, Intelsat 19 and Intelsat 20, will be among the most powerful FSS satellites ever built with unprecedented capacity to provide services for broadband, video, and voice applications.

Intelsat 19 and Intelsat 20 will replace existing satellites that currently provide services to five continents and will offer services for broadcast television and telecommunications.  The satellites also will have the capacity to support mobile communications and higher data rate network services.
 
“Intelsat has been a loyal Space Systems/Loral customer for more than 30 years,” said John Celli, president and chief operating officer of Space Systems/Loral.  “As industry leaders, both of our companies are committed to the highest quality service and a focus on helping broaden the world’s ability to share information and communicate.” 

Intelsat 19 is the 46th satellite that Space Systems/Loral will provide to Intelsat and it is scheduled for launch in 2011.  It will replace the Intelsat 8 satellite at 166 degrees East longitude. The satellite’s C-band capacity will provide enhanced distribution of content throughout Asia-Pacific with reach to the Western United States. The increased Ku-band capacity, optimized to distribute services to Australia, will also support demand for mobility and enterprise network applications across the Asia-Pacific region.

Intelsat 20 is the 47th satellite that Space Systems/Loral will provide to Intelsat and it is scheduled for launch in 2012.  The Intelsat 20 satellite will replace the Intelsat 7 and Intelsat 10 satellites, which are co-located at 68.5 degrees East longitude.  The new satellite’s C- and Ku-band payload is optimized for high-power distribution of video, voice and data network services.

Both satellites are built on the highly reliable Space Systems/Loral 1300 satellite platform, which provides the flexibility for a broad range of applications. They are designed to provide service for at least 15 years.

“The 1300 spacecraft bus provides us with the flexibility we need to meet various Intelsat business objectives at a reasonable schedule,” said Ken Lee, Intelsat’s senior vice president, Space Systems. “Throughout the years, we have developed a collaborative style of working with Space Systems/Loral that helps both our companies maximize efficiencies and ensure the highest quality.”

With Intelsat 19 and Intelsat 20, Space Systems/Loral will have a total of four Intelsat spacecraft in its manufacturing facility with a record breaking 288 36-MHz transponder equivalents of capacity under construction for Intelsat.

About Intelsat
Intelsat is the world’s leading provider of fixed satellite services. For more than 40 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network companies, multinational corporations, Internet service providers and governmental agencies. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.

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 power on orbit 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.  LORL-G

 

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This document contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words “believes,” “expects,” “plans,” “may,” “will,” “would,” “could,” “should,” “anticipates,” “estimates,” “project,” “intend” or “outlook” or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. In addition, Loral Space & Communications Inc., Space Systems/Loral, Inc. or their 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, and press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results may differ materially from anticipated results as a result of certain risks and uncertainties which are described as “Risk Factors” and in the “Commitments and Contingencies” note to the financial statements in Loral’s most recent annual report on Form 10-K and subsequent reports on Form 10-Q. The reader is specifically referred to these documents, as well as the company’s other filings with the Securities and Exchange Commission. Risks and uncertainties include but are not limited to (1) risks associated with financial factors, including the global economic downturn, our history of losses and financial covenants in SS/L’s credit agreement; (2) risks associated with satellite manufacturing, including competition, contractual risks, creditworthiness of customers, performance of suppliers and management of our factory and personnel; (3) regulatory risks, such as the effect of U.S. export control and economic sanction laws; and (4) other risks, including litigation. The foregoing list of important factors is not exclusive. Furthermore, Loral and SS/L operate in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the control of Loral and SS/L.

 

Contact:

Wendy Lewis
Space Systems/Loral
650-852-5188
wendy.lewis@sslmda.com