Government Sales Up for Loral's Xtar Subsidiary

摘要

Loral Space and Communications said its long-struggling Xtar affiliate, which sells X-band satellite capacity to the U.S. and allied governments, posted sharply higher sales for the first half of this year and has restructured its debt.rnLoral also said its Space Systems/Loral satellite manufacturing division is far enough behind schedule on one satellite that the customer could terminate the contract for default and demand that Loral refund $137 million in advance payments, plus interest.