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


To: djane who wrote (6202)5/23/1999 8:03:00 PM
From: Steven Rachbach  Read Replies (1) | Respond to of 10852
 
From today's AP article on the Cox report:

<<In other details from the Cox report:

Time magazine said in its latest edition that a top Defense official in 1996 warned Loral Space and Communications, which had contracted with China to launch its satellites, not to give China any help with its problem-ridden rocket systems without State Department permission. Loral went ahead with its advice to China, whose rockets subsequently showed dramatic improvements.

The Orange County Register in California reported that private guards hired by Loral and other U.S. companies to provide security for U.S. satellite launches in China slept on the job, went to work drunk and solicited prostitutes.>>