Loral Space & Communications
Headquarters:
600 Third Ave.
New York, NY 10016
Phone: (212) 697-1105
Employees: 1,700
CEO: Michael Targoff
Stock Symbol: LORL
Website:
http://www.loral.com
Career
Site
Loral Space & Communications is a satellite
communications company with activities in two primary areas:
satellite services and satellite manufacturing.
Through its Loral Skynet subsidiary,
Loral owns and operates a fleet of telecommunications satellites
operating in geosynchronous orbit 23,000 miles above the equator.
Together with terrestrial fiber and other resources, Skynet provides
services and platforms for use by television and cable networks
to broadcast video programming, and by communication service
providers, resellers, corporate and government customers for
broadband data transmission, Internet services and other value-added
communications services. Skynet's satellite network provides
reliable, high-bandwidth services around the globe, serving as
the backbone for many forms of telecommunications. Loral Skynet
is based in Bedminster, NJ.
Loral's manufacturing business, Space
Systems/Loral (SS/L), is one of the world's largest designers
and manufacturers of satellites and satellite systems for commercial
and government users. Since the advent of the space age more
than 45 years ago, SS/L has developed state-of-the-art spacecraft
for applications that include satellite services, television
broadcasting, direct-to-home (DTH) television services, broadband
communications, military communications, wireless telephony,
digital satellite radio, weather monitoring and air traffic management.
SS/L is located in Palo Alto, CA.
Loral also owns 56 percent of XTAR, a joint
venture between Loral and HISDESAT, a consortium comprised of
leading Spanish telecommunications companies, including Hispasat,
S.A., and agencies of the Spanish government. Through its XTAR-EUR
satellite, XTAR provides X-band services to government users
in the United States, Spain and other allied countries, including
the US Department of State, the Spanish Ministry of Defence and
Danish armed forces. XTAR's headquarters are in Rockville, MD.
Most of Loral's 1,700 employees live and
work in the San Francisco Bay Area, Central New Jersey and Maryland,
Loral's corporate headquarters are located in midtown Manhattan.
The New York office employs individuals with specialties in finance
and accounting, communications, human resources, law, and other
professional and technical areas.
In 2005, the company had revenues of $626.3
million and net income of $1.0 billion due to accounting gains.
The company emerged from Chapter 11 bankruptcy in November, 2005.
Updated December 24, 2006
|
|
