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SPACE SYSTEMS/LORAL EXECUTIVE HONORED FOR HIS LEADERSHIP IN THE DESIGN OF COMMUNICATIONS SPACECRAFT

American Institute of Aeronautics and Astronautics Names Senior Vice President, Chris Hoeber as 2010 Fellow

Palo Alto, Calif. –December 17 2009 — Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL) and the leading provider of commercial satellites, today announced that the American Institute of Aeronautics and Astronautics (AIAA) conferred the distinction of Fellow to Christopher Hoeber, Senior Vice President of Program Management and Systems Engineering at SS/L. The AIAA cited that it is honoring Christopher Hoeber for his more than three decades of leadership in the design of leading-edge communications spacecraft and for his significant contributions to the AIAA and the understanding of space phenomena.

The AIAA is the world’s largest technical society dedicated to the global aerospace profession. Each year it confers the distinction of Fellow to outstanding members of the institute who have made notable and valuable contributions to the arts, sciences, or technology of aeronautics or astronautics. Mr. Hoeber is one of 30 professionals that have been elected to Fellow status in 2010.

As Senior Vice President of Program Management and Systems Engineering at SS/L, Mr. Hoeber leads the systems engineering and program management groups and oversees all of the company’s research and development programs. He has a broad base of experience in systems test and engineering, and program and functional management and was the leader of the systems engineering team that developed SS/L’s geostationary satellite platform, the modular 1300. He was also the program manager for the Superbird satellites, built for Space Communications (SCC) of Japan, which were the first implementation of this important and flexible satellite platform.

Before joining SS/L in 1975, Mr. Hoeber was with Hughes Space and Communications Corp. for five years, where he led a group that performed payload testing of Intelsat IV and the first generation of domestic communications satellites.

“To be named a fellow of the AIAA is a significant honor,” said John Celli, president of Space Systems/Loral. “Chris is well deserving of this distinction and has contributed a great deal to our company and to the design of communications satellites. He is a valued member of the management team here at SS/L and also has a special talent for attracting young professionals to this industry.”

Mr. Hoeber was previously an Associate Fellow of the AIAA and is on the organization’s Technical Committee on Communications and is an AIAA Distinguished Lecturer. He is also a member of the Institute of Electrical and Electronics Engineers, Inc. (IEEE) and is the chairman of the board of the California Space Authority. He has written extensively on the communications satellite industry and has contributed to a number of studies of export control and technology transfer.

Presentation of the new Fellows will take place at the AIAA Aerospace Spotlight Awards Gala on May 12, 2010 in Washington, D.C. The AIAA brings together industry, academia, and government to advance engineering and science in aviation, space, and defense. It has more than 36,000 individual members worldwide and 90 corporate members.

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 three-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, one of the world’s largest providers of satellite services. Telesat 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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Contact:
Wendy Lewis
Space Systems/Loral
650-852-5188