Loral's Sales Rise, Losses Fall in 2005

摘要

Loral Space and Communications, which exited Chapter 11 bankruptcy in November, reported increased sales and reduced losses for 2005 on the strength of its resurgent satellite-manufacturing arm and higher utilization of its four commercial telecommunications satellites. In a March 28 annual report filed with the U.S. Securities and Exchange Commission (SEC), New York-based Loral also provided details of its XTAR LLC affiliate, which is pioneering the commercialization of X-band capacity for U.S., Spanish and other government customers.