Space Systems/Loral Engineer Honored With Promise Award for Young Space Industry Professionals

PALO ALTO, CA -- (MARKET WIRE) -- Oct 18, 2011 -- Space Systems/Loral (SS/L) (NASDAQ: LORL), the world's leading provider of commercial satellites, today announced that one of its engineers, Adam Maher, has been honored by the Society of Satellite Professionals International (SSPI), for his leadership in systems and mechanical engineering. The award, which recognizes young leaders in the satellite industry for outstanding achievement, was presented at the annual Future Leaders Dinner, which took place on October 12 in conjunction with Satellite Week in NYC.

"In reviewing a multitude of nominations, Adam Maher stood out among the rest for his ability to play a leadership role just four years out of school," said Robert Bell, Executive Director of SSPI. "Space Systems/Loral clearly has what it takes to attract and nurture exceptional young professionals as demonstrated by its four Promise Award honorees over the last five years."

Adam Maher joined Space Systems/Loral in 2007 as a new graduate from Cornell University with a master's degree in Mechanical Engineering. As a systems engineer over the past four years, he was involved in some of the company's most complex and challenging projects. He earned a reputation for identifying issues before they became problems and for facilitating a smooth satellite test program.

His demonstrated leadership and technical ability led to a recent promotion to the company's Advanced Systems group where he has taken a leadership role in one of the company's critical research and development projects.

"Adam's initiative, curiosity and desire to do the right thing, are a perfect fit for the culture here at SS/L," said John Celli, president of Space Systems/Loral. "Even in the midst of significant challenges and pressure to keep satellite programs on track, he is always cheerful and never loses sight of the big picture. He is well deserving of the SSPI's recognition."

Since 2006, SSPI's Future Leaders Dinner has honored men and women 35 and under with the talent and motivation to advance into leadership positions in the satellite industry. Held in conjunction with the SATCON conference in New York, the Future Leaders Dinner helps the SSPI support scholarships, internships and educational development partnerships with the university sector.

About SSPI
The Society of Satellite Professionals International is a nonprofit member-benefit society that serves satellite professionals throughout their working lives. With chapters in the Americas, the Middle East, Europe and Asia, SSPI works to attract new talent to the industry, helps satellite professionals advance in their careers, works to increase the professional standing of members and honors extraordinary achievement by satellite professionals and the companies they work for.

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

This document contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press 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. In addition, Loral Space & Communications Inc., Space Systems/Loral, Inc. or their 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 from time to time with the Securities and Exchange Commission, and press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results may differ materially from anticipated results as a result of certain risks and uncertainties which are described as "Risk Factors" and in the "Commitments and Contingencies" note to the financial statements in Loral's 2010 annual report on Form 10-K filed March 15, 2011. The reader is specifically referred to this document, as well as the company's other filings with the Securities and Exchange Commission. Risks and uncertainties include but are not limited to (1) risks associated with financial factors, including swings in the global financial markets, financial covenants in SS/L's credit agreement, increases in interest rates and access to capital; (2) risks associated with satellite manufacturing, including competition, cyclicality of SS/L's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of our factory and personnel; (3) regulatory risks, such as the effect of U.S. export control and economic sanction laws; and (4) other risks, including litigation. The foregoing list of important factors is not exclusive. Furthermore, Loral and SS/L operate in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the control of Loral and SS/L.

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