Loral Space & Communications Inc. (NASDAQ: LORL) today announced that its subsidiary, Space Systems/Loral (SS/L), is evaluating a delayed South solar array deployment on a satellite that it built for Intelsat S.A., which was launched early Friday morning.
The satellite successfully deployed its North solar array according to plan and all other subsystems are nominal. The satellite is in a secure configuration in its geostationary transfer orbit while SS/L and Intelsat pursue corrective actions.
SS/L is also evaluating what effect this event may have, if any, on other satellites under construction.
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-F
