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SPACE SYSTEMS/LORAL DELIVERS INTELSAT SATELLITE TO LAUNCH BASE

Intelsat 17 was Completed Ahead of Schedule to Accommodate Early Launch

Palo Alto, Calif. — 26 October, 2010 — Space Systems/Loral (SS/L), the world’s leading provider of commercial satellites, today announced that a communications satellite that it designed and built for Intelsat arrived safely at the European Spaceport in Kourou, French Guiana, where it is scheduled to launch in November aboard an Ariane 5 launch vehicle.

“Intelsat 17 was delivered to launch base nearly two months ahead of the contract delivery date,” said John Celli, president of Space Systems/Loral. “We always strive to help customers achieve their business objectives, and in this case, an early launch date was highly desirable. This is the 45th satellite that we have delivered to Intelsat, and our long-term, collaborative relationship helps both our companies maximize efficiencies and ensure the highest quality.”

Intelsat 17 will be positioned at 66º E, effectively next to Intelsat’s successful Asian video distribution neighborhood located at 68.5º E, on the Intelsat 10 satellite, which has been serving customers since 2001. Intelsat 17’s C- and Ku-band capacity and multi-continental coverage will offer programmers distribution in a region that extends across Asia and into Europe and Africa. It will replace Intelsat 702, which was also built by Space Systems/Loral and was launched in June 1994.

About Intelsat
Intelsat is the leading provider of fixed satellite services worldwide. For over 45 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
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