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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Valueman who wrote (4090)	7/31/1998 7:18:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 10852

More info on the Orion birds to be built by SS/L: flatoday.com Space Systems/Loral to build Orion 2 Trans-Atlantic satellite for Loral Orion New higher-powered satellite furthers global expansion Loral Space & Communications News Release NEW YORK - Loral Space & Communications has announced that Space Systems/Loral (SS/L) will replace Matra Marconi Space as the prime contractor to build the next Loral Orion Atlantic Ocean region satellite, Orion 2. This satellite will significantly expand Loral Orion's existing European and Americas coverage. SS/L will deliver Orion 2 on orbit in mid-1999. The Orion 2 satellite, featuring 38 high-powered Ku-band transponders, will cover all of Europe: from the Atlantic Ocean to the Ural Mountains--and large sections of North America and Latin America: from eastern Canada to southern Argentina. In addition, the satellite will deliver spot beam coverage of South Africa. "Orion 2, the third operational satellite behind our next-to-be-launched Asian bird, Orion 3, will complete the current phase of Loral Orion's global expansion," said Neil Bauer, president of Loral Orion. "From its ideal orbital location at 12 degrees West Longitude, Orion 2 will provide service to customers among the major business and population centers on the East Coast of North America, Latin America, Europe, the Middle East and South Africa, using only one satellite." The 10 kilowatt Orion 2 satellite will be based on SS/L's flight-proven three-axis, body-stabilized FS-1300 bus, and will have a mass of 3,800 kilograms, when it is launched aboard an Ariane 44LP launch vehicle in May 1999. The spacecraft will have an expected lifetime of 16 years. "SS/L has added features to its new design of the Orion 2 satellite that expand its revenue potential," said Robert Berry, president of Space Systems/Loral. "These features include eight additional transponders, more transmittable power, an enhanced transponder switching capability, and three additional years in expected lifetime." Based in Rockville, Md., Loral Orion, a subsidiary of Loral Space & Communications, is an international satellite communications company that leases capacity for video transmissions by television and other program distributors. It also provides Internet access and private network services directly to Internet Service Providers and multinational businesses worldwide. Services include data networking, voice, video, teleconferencing and news distribution to multiple points worldwide. Space Systems/Loral, based in Palo Alto, Calif., a subsidiary of Loral Space & Communications, is a leading designer and manufacturer of both geostationary (GEO) and low-earth orbit (LEO) satellites, with more than 80 spacecraft currently in backlog. The company is the prime contractor for the Globalstar constellation of global telephony LEO satellites. Its GEO communications satellites include direct-broadcast, multi-media, broadband and digital audio radio spacecraft; it also builds environmental science, weather-watch, and air traffic control spacecraft. Loral Space & Communications (NYSE:LOR) is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and formatting, Internet connectivity, and international direct-to-home satellite services.