Satellite Manufacturers End Year With Low Commercial Sales

摘要

Twelve new commercial telecommunications satellite orders were booked in 2004, a year in which Space Systems/Loral did not emerge from Chapter 11 bankruptcy protection but did emerge from a multi-year slump in new business. The Palo Alto, Calif.-based subsidiary of Loral Space and Communications of New York registered five new contracts, four of them related to Loral's 2003 bankruptcy filing and the early-2004 sale of orbital assets to Intelsat Ltd. of Washington. Loral Chairman Bernard L. Schwartz has said the company expects to emerge debt-free from Chapter 11 protection early in 2005.