(EMAILWIRE.COM, February 11, 2003 ) Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NYSE: LOR), on February 10 announced that the Intelsat 907 communications satellite has been readied for its launch on February 12 from the European Spaceport at Kourou, French Guiana, aboard an Ariane 44L launch vehicle.

Intelsat 907, the latest in Intelsat's IX series of communications satellites, is intended to serve the Americas, Europe and Africa from its orbital position at 27.5 degrees West longitude. The Intelsat IX satellites are some of the largest and most advanced built by SS/L to date. Intelsat 907, based on SS/L's space-proven 1300 satellite platform, is the thirty-first satellite SS/L has built for the global communications provider.

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 includes mission control operations and procurement of launch services. Based in Palo Alto, California, the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, governmental communications, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit www.ssloral.com.

Loral Space & Communications is a satellite communications company. 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 www.loral.com.

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 are described in the section of the company's annual report on Form 10-K for the fiscal year ended December 31, 2001, 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.

---------------

Produced for Loral Space & Communications

Contact:

John McCarthy
Loral Space & Communications
212-338-5345

---------------

Contact Information:
Loral Space & Communications
Joseph Nchor
Tel:
Email us


This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.