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(From Access Intelligence - Satellite Today)
Byline: Melissa Long, Chad Myers, Nic Robertson
Loral Space & Communications announced Nov. 22 it officially concluded its reorganization and has emerged from Chapter 11 bankruptcy protection.
The restructured Loral will consist of two business segments: satellite manufacturing and satellite services. The satellite manufacturing unit, Space Systems/Loral, ended the third quarter with a $902 million backlog compared to a $399 million backlog at the same time a year ago. Satellite services will be handled by Loral Skynet, which ended the third quarter with a backlog of $502 million, down from $529 million in the same period a year ago.
"Throughout the last two-and-a-half years, we have created a stronger, leaner and more efficient Loral," Loral ...