Space Systems/Loral Selected to Build New Satellite for EchoStar

Space Systems/Loral Selected to Build New Satellite for EchoStar

PALO ALTO, Calif., June 30 /PRNewswire/ -- Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ:LORL), today announced that it has entered into a contract with a subsidiary of EchoStar Communications Corporation, Englewood Colo., to build a 1300-series satellite.

This new order from EchoStar is one of four satellite contracts awarded to Space Systems/Loral to date in 2006.

EchoStar Communications Corporation (NASDAQ:DISH) serves more than 12.2 million satellite TV customers through its DISH Network(TM), the fastest growing U.S. provider of advanced digital television services in the last five years. DISH Network offers hundreds of video and audio channels, Interactive TV, HDTV, sports and international programming, together with professional installation and 24-hour customer service. Visit EchoStar's DISH Network at http://www.dishnetwork.com/ or call 1-800-333-DISH (3474).

Space Systems/Loral 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 1,300 years of reliable on-orbit service. SS/L is ISO 9001:2000 certified. For more information, visit http://www.ssloral.com/.

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. For more information, visit Loral's web site at http://www.loral.com/.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Inc. or its representatives have made or may make forward- looking statements, orally or in writing, which may be included in, but are not limited to, various filings made from time to time with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. Many of these factors and conditions are described under the caption "Risk Factors" in each of the company's annual report on Form 10-K for the fiscal year ended December 31, 2005 and its quarterly reports on Form 10-Q for subsequent periods. The reader is specifically referred to these documents, as well as the company's other filings with the Securities and Exchange Commission.

Source: Space Systems/Loral

CONTACT: John McCarthy of Loral Space & Communications, +1-212-338-5345;
or Kathie Gonzalez of EchoStar Communications Corporation, +1-720-514-5351

Web site: http://www.loral.com/
http://www.dishnetwork.com/
http://www.ssloral.com/

-------
Profile: intent