Loral Space & Communications
600 Third Ave.
New York, NY 10016
Phone: (212) 697-1105
CEO: Michael Targoff
Stock Symbol: LORL
Loral Space & Communications is a satellite communications company.
Loral also is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management.
Loral owns 64% of Telesat, which provides reliable and secure satellite-delivered communications solutions to broadcast, telecom, corporate and government customers on a global basis.
Loral's manufacturing business, Space Systems/ Loral (SS/L), is one of the world's largest designers and manufacturers of satellites and satellite systems for commercial and government users. Since the advent of the space age more than 50 years ago, SS/L has developed state-of-the-art spacecraft for applications that include satellite services, television broadcasting, direct-to-home (DTH) television services, broadband communications, military communications, wireless telephony, digital satellite radio, weather monitoring and air traffic management. SS/L is located in Palo Alto, CA.
Loral also owns 56 percent of XTAR, a joint venture between Loral and HISDESAT, a consortium comprised of leading Spanish telecommunications companies, including Hispasat, S.A., and agencies of the Spanish government. Through its XTAR-EUR satellite, XTAR provides X-band services to government users in the United States, Spain and other allied countries, including the US Department of State, the Spanish Ministry of Defence and Danish armed forces. XTAR's headquarters are in Rockville, MD.
In 2010, the company reported revenues of $1.16 billion and net income of $486.8 million.
Updated November 20, 2011