Contact: John McCarthy
Loral Space & Communications

Rigorous Quality Standard Earned Six-Months Ahead of Plan

PALO ALTO, CALIF. – July 7, 2003 – Space Systems/Loral (SS/L), a subsidiary
of Loral Space & Communications (NYSE: LOR), today announced that it has
received the International Organization for Standardization’s (ISO)
9001:2000 certification, a standard requiring rigorous, internationally
accepted quality management practices.

ISO 9001:2000 is a set of quality standards established specifically for
manufacturers as part of its overall ISO 9001 family of international
standards. ISO 9001:2000 certification represents excellence in overall
quality management that embraces a company’s total inventory of methods and
procedures to create and deliver a product or service free of deficiencies.
The Quality Management System is applicable to design, manufacture,
integration and support of satellite systems and associated ground support

“We are pleased to have been certified to the rigorous 2000 standard,
reflecting SS/L’s continuing commitment to quality in all our operations,”
stated Pat DeWitt, SS/L’s president. “The ISO certification, received six
months ahead of our plan, reassures our customers that SS/L satellites are
manufactured to meet the highest standards of reliability.”

The 2000 standard is different from the existing (1994) standard, in that it
focuses on the practices in every company function, from marketing to
on-orbit operations. Increased emphasis is given to customer satisfaction,
management by objectives, process improvement, and adherence to our own
policies, practices and procedures. ISO will conduct sampling audits of SS/L
every six months to ensure that the high standards are maintained.

Space Systems/Loral is a premier designer, manufacturer, and integrator of
powerful satellites and satellite systems. SS/L also provides a range of
related services that include mission control operations and procurement of
launch services. Based in Palo Alto, Calif., the company has an
international base of commercial and governmental customers whose
applications include broadband digital communications, direct-to-home
broadcast, defense communications, environmental monitoring, and air traffic
control. For more information, visit

Loral Space & Communications is a satellite communications company. Through
its Skynet subsidiary, it owns and operates a global fleet of
telecommunications satellites used by television and cable networks to
broadcast video entertainment programming, and by communication service
providers, resellers, corporate and government customers for broadband data
transmission, Internet services and other value-added communications
services. Loral also is a world-class leader in the design and manufacture
of satellites and satellite systems through its Space Systems/Loral
subsidiary. For more information, visit Loral’s web site at

This document contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. In addition, Loral Space &
Communications Ltd. or its representatives have made or may make
forward-looking statements, orally or in writing, which may be included in,
but are not limited to, various filings made by the company with the
Securities and Exchange Commission, press releases or oral statements made
with the approval of an authorized executive officer of the company. Actual
results could differ materially from those projected or suggested in any
forward-looking statements as a result of a wide variety of factors and
conditions, which have been described in the section of the company’s annual
report on Form 10-K for the fiscal year ended December 31, 2002, entitled
“Certain Factors That May Affect Future Results,” and the company’s other
filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.