| Loral building Intelsat Americas-9 satellite
 LORAL NEWS RELEASE
 Posted: November 1, 2004
 spaceflightnow
 
 Space Systems/Loral (SS/L) announced today that, pursuant to
 the contract entered into in March 2004, it has reached agreement
 with Intelsat LLC for the design of Intelsat Americas-9 (IA-9), a
 high-power, C- and Ku-band satellite that will provide service to
 North America, Central America and the Caribbean. SS/L has
 been authorized to proceed on the manufacture of IA-9
 immediately.
 
 "Throughout Intelsat and SS/L's long history of collaboration on
 satellite projects, the two teams have worked closely to make
 each satellite a premier communications platform for Intelsat's
 customers," said Pat DeWitt, president of SS/L. "SS/L is pleased
 to once again be working together on the latest in satellite
 technology with the Intelsat teams in Washington, D.C., Palo Alto
 and Bermuda."
 
 The satellite's hybrid C- and Ku-band communications payload
 carries a total of 44 operating transponders, selectable among 62
 discrete frequencies, providing a total of 1,944 MHz of downlink
 capacity. Coverage areas are provided by fixed C- and Ku-band
 antennas, in addition to an adjustable Ku-band spot beam that can
 be positioned anywhere on the earth's surface visible from the
 satellite's orbital position. The satellite is designed to operate from
 any of Intelsat's orbital locations from 77 degrees West longitude
 to 129 degrees West longitude.
 
 "SS/L has a strong history with Intelsat," according to Intelsat
 Global Services Corporation president, Kevin Mulloy. "The
 satellites built in SS/L's Palo Alto factory have provided Intelsat
 with dynamic and robust capacity around the world. SS/L's
 satellites allow Intelsat to offer its customers unparalleled
 communications flexibility and services."
 
 The satellite is scheduled for delivery to Intelsat in 2007 and has a
 design life of 13 years.
 
 IA-9 will become Intelsat's newest satellite covering North
 America and the thirty-second spacecraft built by SS/L for the
 international satellite services provider. The Loral-built Intelsat
 Americas-8 is currently scheduled for launch in December 2004.
 
 The satellite is based on SS/L's space-proven 1300 geostationary
 satellite platform, which has a long and proven record of reliable
 operation. Currently, there are 47 SS/L 1300 satellites on-orbit,
 performing a variety of critical communications functions.
 
 As a global communications leader with 40 years of experience,
 Intelsat helps service providers, broadcasters, corporations and
 governments deliver information and entertainment anywhere in the
 world, instantly, securely and reliably. Intelsat's global reach and
 expanding solutions portfolio enable customers to enhance their
 communications networks, venture into new markets and grow
 their businesses with confidence.
 
 Space Systems/Loral, a subsidiary of Loral Space &
 Communications (OTCBB: LRLSQ), 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. SS/L satellites have amassed
 more than 1,100 years of reliable on-orbit service. SS/L is ISO
 9001:2000 certified.
 
 Loral Space & Communications is a satellite communications
 company. In addition to Space Systems/Loral, through its Skynet
 subsidiary Loral owns and operates a fleet of telecommunications
 satellites used to broadcast video entertainment programming, and
 for broadband data transmission, Internet services and other
 value-added communications services
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