Space Systems/Loral Ships Telstar 11N Satellite to Launch Base

PALO ALTO, Calif., Jan. 12, 2009 (GLOBE NEWSWIRE) -- Space Systems/Loral (SS/L),
a subsidiary of Loral Space & Communications (Nasdaq:LORL) and the leading
provider of high-power commercial satellites, today announced that it shipped
Telstar 11N to the Baikonur Space Center in Kazakhstan, where it will be
launched on the Land Launch system.

Space Systems/Loral designed the satellite, which was built for Telesat, one of
the world's leading fixed satellite services operators, to provide commercial
and government customers with high powered, state-of-the-art satellite capacity
for a broad range of video and data applications. Following its launch next
month, Telstar 11N will operate from 37.5 degrees West Longitude and will
connect three continents: North America, Western Europe and Africa. It also has
a unique Atlantic Ocean beam, which will support growing demand for mobile
broadband from maritime and aeronautical markets.

"As the first Space Systems/Loral-built satellite to be shipped in 2009, Telstar
11N will make information and entertainment more accessible around the world,"
said John Celli, President and Chief Operating Officer of Space Systems/Loral.
"This marks the beginning of a year that we expect will be very robust for
delivering completed satellites to our customers."

With 39 high-power Ku-band transponders, Telstar 11N is based on the Space
Systems/Loral 1300 satellite platform which provides flexibility for a broad
range of applications.

About Telesat

Headquartered in Ottawa, Canada, with offices and facilities around the world,
Telesat is the fourth largest fixed satellite services operator. The company
provides reliable and secure satellite-delivered communications solutions to
broadcast, telecom, corporate and government customers. Telesat has a global
state-of-the-art fleet of 13 satellites, with another two satellites scheduled
for launch, and manages the operations of 13 additional satellites for third
parties. Telesat is privately held. Its principal shareholders are Canada's
Public Sector Pension Investment Board and Loral Space & Communications Inc.

About Space Systems/Loral

Based in Palo Alto, California, SS/L designs and builds satellites and
spacecraft systems for commercial and government customers around the world. As
the leading provider of commercial satellites, the company works closely with
satellite operators to deliver spacecraft for a broad range of services
including direct-to-home television, digital audio radio, broadband Internet,
and digital multimedia broadcasting. With more power on orbit than any other
satellite manufacturer, SS/L helps customers meet business objectives with
advanced solutions based on space-proven heritage designs. For more information,
visit www.ssloral.com.

About Loral Space & Communications

Loral Space & Communications is a satellite communications company. Through its
Space Systems/Loral subsidiary, the company 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 also owns 64 percent of Telesat, one of the world's largest
providers of satellite services. Telesat operates a fleet of telecommunications
satellites used to broadcast video entertainment programming, distribute
direct-to-home video and broadband data services, and other value-added
communications services. For more information, visit Loral's web site at
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 the company's most recent annual
report on Form 10-K and in its quarterly reports on Form 10-Q. The reader is
specifically referred to these documents, as well as the company's other filings
with the Securities and Exchange Commission.

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CONTACT: Space Systems/Loral
Wendy Lewis
+1 (650) 852-5188