- Telesat and Space Systems/Loral (SS/L) financial results continued to reflect strong performance
- SS/L's third quarter Adjusted EBITDA was US$32 million, contributing to a nine month total Adjusted EBITDA of US$54 million, more than double the Adjusted EBITDA of the first nine months of 2008
- Telesat's Nimiq 5 satellite, built by SS/L, was successfully launched in the quarter and began commercial service in October
- Telesat's growth initiatives include a replacement satellite currently under construction at SS/L and a DTH television satellite to be leased to Bell TV, which is expectedto begin construction in the first quarter of 2010
November 10th, 2009
Loral Space & Communications... Financially Speaking...
Loral Space & Communications Inc. (Nasdaq:LORL) has announced the Company's financial results for the three and nine months ended September 30, 2009. Notable achievements for the company include: