Loral Space & Communications Inc. (Nasdaq:LORL) today announced that following the launch of Telesat’s Telstar 14R/Estrela do Sul 2 satellite on an International Launch Services (ILS) Proton rocket, one of the satellite’s solar arrays did not fully deploy.

The south solar array has deployed successfully and is providing power to the spacecraft, which is stable and is otherwise operating as expected. Satellite manufacturer, Space Systems/Loral, is analyzing data from the satellite to determine what steps can be taken to maximize the satellite’s lifespan and capability.

In the event that the north solar array can not be fully extended, and subject to successfully completing the remaining post-launch maneuvers, it is expected that the satellite will provide a level of service that is, at a minimum, equal to the satellite that it will replace. However, the satellite’s capacity will be reduced from what was originally planned.

About Loral Space & Communications Inc.

Loral Space & Communications is a satellite communications company. It is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including fixed satellite services, direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. Loral also owns 64 percent of Telesat Canada, a global operator of telecommunications and direct broadcast satellites used to distribute video entertainment programming, broadband data, and provide access to Internet services and other value-added communications services. For more information, visit Loral’s web site at www.loral.com. LORL-G

CONTACT: Wendy Lewis
Director of Communications
650-852-5188