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:

• 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

Combined segment revenues, for both Satellite Manufacturing and Satellite Services, for the quarter ending September 30, 2009, were US$424 million compared to US$386 million for the third quarter in 2008. Combined segment Adjusted EBITDA for the quarter was US$145 million, compared to US$114 million for the third quarter of 2008. Combined segment revenues for the first nine months of the year were US$1.3 billion compared to US$1.2 billion for the first nine months of 2008. Combined segment Adjusted EBITDA for the nine months ending September 30, 2009 was US$391 million compared to US$334 million for the first nine months of 2008. To read the entire financial report, select this direct link.