With a Commitment to the Change the Equation Organization, Space Systems/Loral Sets Goal to Inspire Students to Pursue Technology Careers

Palo Alto, Calif. – September 16, 2010 –  Space Systems/Loral (SS/L), the world's leading provider of commercial satellites, today announced its support for Change the Equation (CTEq), a CEO-led initiative to cultivate widespread literacy in science, technology, engineering and math (STEM). Space Systems/Loral has joined the organization's founders with funding and other resources to support STEM teaching and help inspire students to pursue technology careers. 

"The satellite manufacturing industry provides many exciting career opportunities for technically savvy workers," said John Celli, president of Space Systems/Loral. "Every day our employees work on spacecraft that are launched more than 22,000 miles above the earth's surface and provide essential services to billions of people around the world. We commend Change the Equation for its efforts to promote science and math education and we hope that exposure to companies such as ours will inspire a new generation of children to pursue engineering and technology careers."

CTEq's goals are to:

  1. Improve STEM teaching at all grade levels, with a larger and more racially, ethnically and gender-diverse pool of highly-capable STEM teachers.
  2. Deepen student appreciation and excitement for STEM programs and careers to increase enrollment and success, especially among females and students of color.
  3. Achieve a sustained commitment to the STEM movement from business leaders, government officials, STEM teachers and other stakeholders through communication, collaboration and data-based decision making.

In alignment with these CTEq initiatives, SS/L will provide resources to local schools and will invite students who display proficiency in science and technology to get a first hand look at how communications satellites are designed, built and tested. 

Change the Equation was founded by Craig Barrett (former CEO, Intel), Glenn Britt (CEO, Time Warner Cable), Ursula Burns (CEO, Xerox), Antonio Perez (CEO, Kodak), Sally Ride (CEO, Sally Ride Science), the Bill & Melinda Gates Foundation and the Carnegie Corporation of New York. The organization is following a call to action by the federal government and President Obama to publicly champion the importance of STEM for students' workforce readiness. Change the Equation is encouraging corporations to build on and fuel the current momentum by aligning efforts to help ensure STEM investments, public and private, add up to measurable growth.

Follow Change the Equation on Twitter: http://twitter.com/changeequation

Visit Change the Equation on Facebook: http://www.Facebook.com/ChangeTheEquation

About Space Systems/Loral
Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world’s leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SS/L satellites every day. 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