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Technology Stocks : Loral Space & Communications

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From: ebg51	7/12/2005 12:13:15 PM
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From Space News PARIS — Bankrupt satellite operator Satmex has reached an agreement with shareholder and supplier Loral under which Loral will return the Satmex 6 satellite from its South American launch site — where it has been in storage for 21 months — to Loral’s factory to recertify its flight-worthiness. Loral will then advance some of the cash needed to launch it, according to documents filed in both companies’ bankruptcy proceedings.

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