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Loral signs multiple launch service agreement with Rocket System Corporation.

PALO ALTO, Calif.--(BUSINESS WIRE)--November 27, 1996--Space Systems/Loral (SS/L), a Loral Space & Communications Ltd. company (NYSE:LOR), has signed an agreement with Rocket System Corporation (RSC) for 10 firm launches using the H-IIA launch vehicle from 2000 through 2005.

The agreement gives Space Systems/Loral assured access to launches into the next century when demand to put commercial satellites on orbit will continue to be high. These launches will add to SS/L's backlog of launches allowing the company to offer its customers a variety of launch options to meet each customer's requirements for activating satellite communications service on specific dates. Space Systems/Loral has not yet assigned the payloads for these launches.

"Space Systems/Loral looks forward to working with Rocket System Corporation and offering the highly reliable H-IIA rocket, predecessors of which have produced a long history of successful launches because of their levels of quality control and workmanship," said Space Systems/Loral's president, Robert E. Berry. "Additionally, we are pleased to expand our relationship with the Japanese space industry in order to make their expertise and technology in this type of launch system available to ourselves and our customers."

Mr. Yamada, president of RSC said, "We are very pleased to sign this contract with SS/L which has a long and good relationship with Japan in the space business. It is our commitment to provide SS/L with the most satisfactory launch services by using the most advanced and reliable launch vehicle, the H-IIA from the year 2000."

The H-IIA agreement gives Space Systems/Loral firm launches on more than 10 different vehicles from service providers across the globe. This allows SS/L, already a producer of the most advanced, high-powered satellites, to offer launch capacity to meet all customer demands.

Rocket System Corporation is a Japanese private company held by more than 70 Japanese companies. It was established in 1990 in order to realize commercial launches by the H-IIA from 2000.

Space Systems/Loral is a full-service provider of commercial communications satellite systems and services, including launch services and insurance procurement and mission operations from its mission control center in Palo Alto, Calif. SS/L currently has a total backlog of more than 75 spacecraft. The company is the prime contractor for Globalstar's 56 low-earth orbit satellites, TCI/Tempo, PanAmSat 6, L-STAR and MCI direct broadcast satellites, the nine satellites in the INTELSAT VII series, N-STAR, Mabuhay, APSTAR-IIR, TELSTAR-5, PanAmSat 7 & 8 and M2A communications satellites, as well as the latest series of weather-watch satellites, GOES (Geostationary Operational Environmental Satellite), and the Japanese MTSAT, the next-generation Japanese air traffic control and weather-watch satellite.

Loral Space & Communications Ltd., headquartered in New York City, is a high-technology company that primarily concentrates in space and telecommunications. Loral manages and is the largest equity owner of both Globalstar, which is building and preparing to launch a worldwide satellite-based digital telecommunications system, and Space Systems/Loral, the world's premier manufacturer of large, high-powered satellites for telecommunications and environmental applications.

CONTACT: David Benton

(703) 414-1045
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Publication:Business Wire
Date:Nov 27, 1996
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