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Loral Emerges From Bankruptcy.

The America's Intelligence Wire

| November 23, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(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 ...

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