Loral Names John Klineberg President of Space Systems/Loral.

NEW YORK--(BUSINESS WIRE)--Sept. 3, 1999--

Loral Space & Communications (NYSE:LOR) has announced management and organizational changes at its Space Systems/Loral (SS/L) subsidiary, effective September 1, 1999.

Dr. John Klineberg has been named president of SS/L and vice president of Loral Space & Communications. Currently executive vice president responsible for the establishment of the Globalstar satellite constellation, Dr. Klineberg succeeds Robert E. Berry, 71, who has been appointed chairman of SS/L and who continues in his role as senior vice president of space technology at Loral. Before joining Loral in 1995, Dr. Klineberg, 60, spent 25 years with NASA in a variety of management and technical positions, including director of its Goddard Space Flight Center and of the Lewis Research Center. Both Dr. Klineberg and Mr. Berry report to Gregory J. Clark, Loral president and chief operating officer.

"Loral stands to benefit tremendously from John's leadership, skill and experience in both the management and technical areas of the space industry," said Bernard L. Schwartz, Loral chairman and chief executive officer. "He already has played a crucial role in the deployment of our Globalstar system and, drawing on his experience with Loral and with NASA, will certainly contribute substantially to our satellite manufacturing and technology efforts."

"At the same time," Mr. Schwartz continued, "this move frees up Bob to focus more on space industry developments and Loral's strategic space technology objectives. Bob, too, has had an illustrious career in both the public and private sectors, participating fully in the space and communications industry. We will benefit significantly from his informed and insightful guidance as Loral continues to build its presence in the industry."

Prior to this new assignment, Dr. Klineberg was responsible for overseeing the design, development, production, and deployment in orbit of the Globalstar satellites that SS/L is producing as prime contractor.

Before joining Loral, Dr. Klineberg was director of NASA's Goddard Space Flight Center, Greenbelt, Md; director of NASA's Lewis Research Center, Cleveland, Ohio; and deputy associate administrator for Aeronautics and Space Technology at NASA headquarters in Washington, D.C. Among the programs Dr. Klineberg led were NASA's Advanced Communications Technology Satellite (ACTS), Tracking and Data Relay Satellites (TDRSS), Hubble Telescope Repair Mission, Upper Atmosphere Research Satellite, Gamma Ray Observatory, and many others, including SS/L's GOES weather satellite program.

A native of New York City, Dr. Klineberg earned his Ph.D. in aeronautics and political science, his masters degree in aeronautics at the California Institute of Technology and a bachelor of science degree in engineering at Princeton University.

Mr. Berry has held leadership positions with SS/L and its predecessor companies for 22 years, and has led the company to its position as the fastest-growing major spacecraft manufacturer in the world of commercial communications satellites.

Mr. Berry became president of SS/L in 1990, when Loral acquired Ford Aerospace & Communications Corp. He had been general manager of that company's Space Systems Division from 1977 to 1990. Under his leadership, SS/L pioneered, among other things, the development of large, three-axis stabilized satellites, which are now standard in the industry. SS/L's achievements under Mr. Berry include milestone developments in communications payloads, materials, batteries, propulsion systems, and satellite design and power generation.

Mr. Berry, who has been involved with the space industry since 1957, was recently inducted as a Fellow of the American Institute of Aeronautics and Astronautics (AIAA) in recognition of his outstanding leadership in the development and manufacturing of communications and environmental monitoring satellites. In 1996, he received AIAA's Aerospace Communications Award, presented for outstanding contributions in the field of aerospace communications.

Mr. Berry was named senior vice president of Loral Space & Communications in 1996, the year SS/L was awarded the coveted Goddard Contractor Excellence Award in recognition of the company's achievements in quality and design.

Space Systems/Loral is a leading designer, manufacturer, and systems integrator of both geostationary (GEO) and low-earth orbit (LEO) satellites, with more than 50 spacecraft currently in backlog. The company is the prime contractor for the Globalstar constellation of global telephony LEO satellites. Its GEO communications satellites include direct-broadcast, multi-media, broadband and digital audio radio spacecraft; it also builds environmental science, weather-watch, and air traffic control spacecraft. SS/L is ISO 9001 certified. For more information, visit Space Systems/Loral's web site at http://www.ssloral.com.

Loral Space & Communications is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and content services, Internet services and international direct-to-home satellite services. For more information, visit Loral's web site at http://www.loral.com.