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SPACE SYSTEMS/LORAL DELIVERS HISPASAT GROUP SATELLITE TO LAUNCH BASE

Palo Alto, Calif. — 24 November, 2010 — Space Systems/Loral (SS/L), the world’s leading provider of commercial satellites, today announced that it shipped a communications satellite, designed and built for HISPASAT Group, to the European Spaceport in Kourou, French Guiana, where it is scheduled to launch next month aboard an Ariane 5 launch vehicle.

“HISPASAT and Space Systems/Loral share a commitment to making the benefits of satellite infrastructure available to communities around the world,” said John Celli, president of SS/L. “It is a privilege to help HISPASAT with the tools the company needs to expand its business.”  

HISPASAT 1E is a powerful, state-of-the art Ku-band Fixed Satellite Services (FSS) and Broadcast Satellite Services (BSS) spacecraft.  It will provide high-quality capacity for Hispasat’s new initiatives which include Direct to Home Television (DTH), Digital Terrestrial Television (DTT), value added broadband services in mobile, land and maritime environments, and high definition television (HDTV). It will be positioned at 30 degrees West longitude, where it will expand coverage in Europe, the Americas, and North Africa.

With 53 high-power Ku-band transponders and Ka-band, HISPASAT 1E is based on the Space Systems/Loral 1300 space-proven platform which is designed with the flexibility to support a broad range of applications and technology advances.

About HISPASAT
HISPASAT is the seventh company in the world by revenue in the sector and a leader in the dissemination and distribution of content in Spanish and Portuguese. With more than 1,150 television and radio channels, including the contents of major digital platforms of Direct to Home (DTH) and High Definition Television (HDTV), the Group is the main communication link between Europe and America.
For more information, visit www.hispasat.com.

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

Contact:
Wendy Lewis
Space Systems/Loral
650-852-5188