PALO ALTO, Calif. – January 28, 2016 — Space Systems Loral (SSL), a leading provider of commercial satellites, today announced it was awarded a contract by an undisclosed customer to build six satellites for an advanced constellation of Low Earth Orbit (LEO) satellites for Earth imaging.
“Our new manufacturing facility dedicated to small satellite production allows customers to harness the capabilities of commercial practices,” said John Celli, president of SSL.
Space Systems Loral (SSL) is a leading provider of commercial satellites with broad expertise to support satellite operators and innovative space related missions. The company designs and manufactures spacecraft for services such as direct-to-home television, video content distribution, broadband Internet, mobile communications, and Earth observation. As a Silicon Valley innovator for more than 50 years, SSL’s advanced product line also includes state-of-the-art small satellites, and sophisticated robotics and automation solutions for remote operations. For more information, visit www.sslmda.com.
This news release contains forward-looking statements and information, which reflect the current view of Space Systems Loral (SSL) with respect to future events and financial performance. When used in this news 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. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; risks associated with satellite manufacturing, including competition, cyclicality of SSL’s end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of SSL’s factory and personnel; risk associated with financial factors such as volatility in exchange rates, increases in interest rates, restrictions on access to capital, and swings in global financial markets; risks associated with domestic and foreign government regulation, including export controls and economic sanctions; and other risks, including litigation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects SSL’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, SSL disclaims any obligation or undertaking to update or revise the information herein.
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