For more information,
visit Loral's web site at http://www.com.

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Geostationary Operational Environmental Satellite
program , GOES, for which SS/L was the prime contractor.

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, the company has
an international base of commercial and governmental customers whose
applications include broadband digital communications, direct-to -home
broadcast, defense communications, environmental monitoring, and air traffic
control.
Additional factors and conditions are also described in the section of the
company's annual report on Form 10 -K for the fiscal year ended December 31,
2003, entitled "Commitments and Contingencies," and the company's other
filings with the Securities and Exchange Commission. space exploration, this time for the Air Force Research
Laboratory's Experimental Satellite System-11 (XSS-11) spacecraft.
The mission was launched from Vandenberg Air Force Base, Calif.

Sites for organizations, associations, clubs , forums and any other organized body of people in the Space domain.

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Loral-Built MTSAT-1R Multi-Functional Satellite Succesfully Launched

A system of high-efficiency
solar arrays and lightweight batteries provide uninterrupted electrical power. Based in Palo Alto, Calif. In addition, Loral Space +
Communications Ltd.,
April 11, boosting the satellite into Earth orbit.

Business, education, national and military organizations are, however, in related categories.

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BAE Systems is an international company engaged in the
development, delivery and support of advanced defense and aerospace
systems in the air , on land, at sea and in space.

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Broad Reach Engineering Company develops and manufactures
high -performance spacecraft hardware and software solutions for
scientific, commercial, and military applications .

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Will Provide Meteorological and Air Traffic Management (ATM) Services to
Asia-Pacific Region

PALO ALTO, Calif.

Contact: John McCarthy
(212) 338-5345


The microsatellite
project is designed to test technologies that allow quick visual
examinations or even maintenance of spacecraft in orbit. space programs.

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BAE Systems ' program manager Tom Bowmaster said, "The RAD750 will
provide the necessary computing power in the command and data handling
subsystem of the spacecraft, which enables control and telemetry in
flying the XSS-11.

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JCAB will use MTSAT-1R L-band mobile links to provide communications and
navigational services for aircraft, increasing the efficiency of aircraft
flight routes, providing flexible flight profile planning, enhancing air
travel safety and improving the quality of aeronautical communications . SS/L satellites have amassed more than 1,100 years of reliable
on-orbit service.S.

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The satellite will provide meteorological and ATM services for
users throughout the entire Asia-Pacific region -- as far south as Australia
and New Zealand.

Business Editors

MANASSAS, Va. satellites .

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SS/L's satellites are designed to achieve long, useful, orbital life
through use of bi-propellant propulsion and momentum-bias systems for
excellent stationkeeping and orbital stability. In
addition to Space Systems/Loral, through its Skynet subsidiary Loral owns and
operates a fleet of telecommunications satellites used to broadcast video
entertainment programming, and for broadband data transmission , Internet
services and other value-added communications services.
BAE Systems has a 20-year history of providing radiation-hardened
solutions for U.

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The satellite, a state-of-the-art, multi-functional , weather
monitoring and air traffic control satellite, was sent into space aboard an
H-IIA rocket from Japan's space center in Tanegashima, Japan. or its representatives have made or may make
forward -looking statements, orally or in writing, which may be included in,
but are not limited to, various filings made by the company with the
Securities and Exchange Commission, press releases or oral statements made
with the approval of an authorized executive officer of the company. The XSS-11 will demonstrate
new autonomous satellite features during encounters with six or seven
spent rocket stages and inactive U.

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Actual
results could differ materially from those projected or suggested in any
forward -looking statements as a result of a wide variety of factors and
conditions. These factors include those related to the filing, on July 15,
2003 by Loral and certain of its subsidiaries, of voluntary petitions for
reorganization under chapter 11 of title 11 of the United States Code in the
United States District Court for the Southern District of New York and
parallel insolvency proceedings in the Supreme Court of Bermuda in which
certain partners of KPMG were appointed as joint provisional liquidators. BAE Systems North
America is one of America's foremost national security, aerospace and
information systems companies.

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The reader is
specifically referred to these documents.com


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S.

This document contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.S. The company's
product line includes spacecraft avionics, including power and command
and data handling, precision GPS receivers for space, spacecraft
flight software, ground support hardware and software, and custom
electronics for use on space missions.

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Space Systems/Loral, a subsidiary of Loral Space + Communications
(OTC Bulletin Board: LRLSQ), is a premier designer, manufacturer, and
integrator of powerful satellites and satellite systems.com.
The RAD750 single board computer, built at BAE Systems' Manassas,
Va., facility, is the backbone of the spacecraft 's command and data
handling system, designed by Broad Reach Engineering Company. In addition Broad Reach
Engineering Company provides systems engineering services for space
missions.

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For more information ,
visit the Space Systems/Loral web site at http://www.----BAE Systems'
radiation hardened microprocessors (RAD750) are supporting another
U.

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ssloral. The RAD750 represents the
next-generation of space microprocessors, and was first launched
onboard NASA's Deep Impact mission.

To obtain additional information about us, visit "What's News" at:
www.na.

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For JMA, MTSAT-1R will gather critical weather information for users
throughout the Asia-Pacific region, broadcasting cloud imagery and continuous
weather data, including cloud and water vapor distributions, cloud-motion wind
vector , sea surface temperature, and information on typhoons and other severe
weather conditions.
MTSAT-1R uses many of the same technologies developed for the most
recently deployed U. Its RAD6000 computers were
installed on each of the still-operating Mars Rovers - the only
control and data computers aboard the two Rovers - to execute flight,
landing and exploration operations on Mars.

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From its geosynchronous orbital position at 140 degrees East longitude,
MTSAT-1R will combine aeronautical services and a meteorological payload on
one satellite.
SS/L satellites have amassed more than 1100 years of reliable on-orbit
service.

Loral Space + Communications is a satellite communications company.iews.

astronautical extraterrestrial

The satellite's meteorological payload will enter service in
the second quarter of 2005 and the ATM services will be offered in early 2006.

BAE SYSTEMS' RAD750 Computers Support Air Force Experiment Satellite

Broad Reach Engineering Company is a privately held small
business with locations in Tempe, AZ and Golden, CO.

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MTSAT-1R is a version of SS/L's space-proven, three -axis, body-stabilized
1300 bus. SS/L is ISO 9001:2000 certified.

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, MTSAT-1R, built by
Space Systems /Loral (SS/L) for the Japanese Civil Aviation Bureau (JCAB) and
Japanese Meteorological Agency (JMA ), was successfully launched today at 1:25
am PST. SS/L has manufactured
five GOES satellites (I-M) under contract to the National Aeronautics and
Space Administration (NASA) for delivery to the National Oceanic and
Atmospheric Administration (NOAA) for operations.loral."
The mission will last 12 to 18 months.S.

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SS/L also provides a
range of related services that include mission control operations and
procurement of launch services.baesystems.

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