LORL on NASDAQ

Loral Space & Communications

Logo: Loral Space & Communications, Public domain, via Wikimedia Commons5

Delaware-domiciled satellite communications company

Loral Space & Communications Inc. is a Delaware-domiciled satellite communications company headed by Michael B. Targoff.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$93.1MNet income, fiscal 20206
1996Founded1

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  • TickerLORL on NASDAQ1
  • Industryaerospace industry1
  • HeadquartersNew York City1
  • Websitewww.loral.com
  • Legal formpublic company1
  • Incorporated inDE7
  • Business address600 Fifth Ave, 16Th Floor, New York, Ny 100207
  • Filer categoryNon-accelerated filer, Smaller reporting company7
  • LEI5299008CJ8NPI54F8D374
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 39911704

Loral Space & Communications Inc. is a Delaware-domiciled satellite communications company headed by Michael B. Targoff. The company was formed in 1996 from the remnants of Loral Corporation when Loral divested its defense electronics and system integration businesses to Lockheed Martin for $9.1 billion. In 2006, Bernard L. Schwartz retired after leading the company for 34 years.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

44.4%Return on equity6

Financial statements

Operating income91011126-$863.0K in 2020−84% since 2014
-$8.0M-$6.0M-$4.0M-$2.0M02014: -$5.3M-$5.3M20142015: -$6.5M-$6.5M2015+23%2016: -$6.7M-$6.7M2016+3%2017: -$7.0M-$7.0M2017+5%2018: -$6.5M-$6.5M2018−7%2019: -$6.6M-$6.6M2019+1%2020: -$863.0K-$863.0K2020−87%
Net income91011126$93.1M in 2020
-$100.0M0$100.0M$200.0M2014: -$25.8M-$25.8M20142015: -$70.3M-$70.3M2015+172%2016: $47.2M$47.2M20162017: $134.5M$134.5M2017+185%2018: $9.6M$9.6M2018−93%2019: $89.8M$89.8M2019+834%2020: $93.1M$93.1M2020+4%
Fiscal year2014201520162017201820192020
Selling, general and admin$5.3M9$6.5M10$6.7M10$7.9M10
Operating income-$5.3M9-$6.5M10-$6.7M10-$7.0M11-$6.5M12-$6.6M6-$863.0K6
Interest$15.0K9$17.0K10$20.0K10$27.0K11$26.0K12$24.0K6$26.0K6
Income tax-$8.1M9-$45.5M10$28.5M10$73.1M11-$39.3M12$6.2M6$12.9M6
Net income-$25.8M9-$70.3M10$47.2M10$134.5M11$9.6M12$89.8M6$93.1M6
Earnings per share-$0.849-$2.2810$1.5310$4.3511$0.3112$2.906$3.016
Earnings per share (diluted)-$0.849-$2.2810$1.4910$4.3011$0.3112$2.886$2.986

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The story

On March 20, 1998, Loral completed the acquisition of Orion Network Systems, Inc., through the exchange of common stock. The transaction was valued at approximately $479 million.

In January 2002, Loral reached a settlement with the U.S. Government in a case relating to the company’s involvement in the disclosure of information during a review of a Chinese rocket launch failure in 1996. Loral agreed to pay a civil fine of $14 million to the State Department without admitting or denying the government’s charges. According to a House Select Committee, Loral under CEO Schwartz provided the Chinese government with advice regarding a guidance system for future PRC road-mobile intercontinental ballistic missiles. The Defense Technology Security Administration concluded Loral "committed a serious export control violation" and that the "significant benefits derived by China from these activities are likely to lead to improvements in the overall reliability of their launch vehicles [i.e., rockets] and ballistic missiles and in particular their guidance systems." Loral paid a total fine of $20 million, the largest that a company has ever paid under the Arms Export Control Act.

On July 15, 2003, Loral and certain subsidiaries filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code. In conjunction with the filing, Loral announced the sale of its North American satellite fleet to Intelsat to help reduce its debt. Loral emerged from Chapter 11 on November 21, 2005.

On Feb 1, 2006, a subsidiary of Loral Space & Communications (Loral Skynet) began the construction of Telstar 11N, a powerful new multi-region Ku-band communications satellite.

On October 5, 2007, Loral Space & Communications Inc. and the Public Pension Investment Board of Canada received the final regulatory approval necessary to complete the acquisition of Telesat from BCE Inc. for CAD $3.25 billion. The acquisition closed on October 31, 2007. Loral hold a 64% economic interest and a 331/3% voting interest in Telesat Holdco, the ultimate parent company of the resulting new entity.

At the same time, Telesat Canada merged with Loral Skynet, a subsidiary of Loral Space & Communications. This resulted in the transfer of all of the assets of Loral Skynet to Telesat.

On November 2, 2012, Loral Space & Communications Inc. announced the sale of subsidiary Space Systems/Loral (SS/L), to MacDonald Dettwiler.

From Wikipedia’s article on Loral Space & Communications, shared under CC BY-SA 4.0.8

Leadership

Who has led Loral Space & Communications, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (14)

Products and brands

  • communications satellite

Listed on Wikidata.1

Former names

  • LORAL SPACE & COMMUNICATIONS LTDOct 30, 1996 to Nov 9, 20057

Timeline

  1. Mar 29, 2006New chief executive Michael B. Targoff becomes CEO15
  2. Jul 27, 2005Went public Listed on NASDAQ1
  3. 1996Founded Founded1

Filings

40 filings to the SEC since October 2021: 1 quarterly reports, 2 major events, 7 insider forms, 3 large holders, 27 other. The latest 20:

  1. Nov 29, 202115-12B EDGAR
  2. Nov 22, 2021EFFECT EDGAR
  3. Nov 22, 2021EFFECT EDGAR
  4. Nov 22, 2021EFFECT EDGAR
  5. Nov 22, 2021EFFECT EDGAR
  6. Nov 22, 2021EFFECT EDGAR
  7. Nov 22, 2021EFFECT EDGAR
  8. Nov 22, 2021SC 13D/A AMENDMENT NO. 30 TO SCHEDULE 13D EDGAR
  9. Nov 22, 20214 OWNERSHIP DOCUMENT EDGAR
  10. Nov 22, 20214 OWNERSHIP DOCUMENT EDGAR
  11. Nov 22, 20214 OWNERSHIP DOCUMENT EDGAR
  12. Nov 22, 20214 OWNERSHIP DOCUMENT EDGAR
  13. Nov 22, 20214 OWNERSHIP DOCUMENT EDGAR
  14. Nov 22, 20214 FORM 4 SUBMISSION EDGAR
  15. Nov 22, 20214 FORM 4 SUBMISSION EDGAR
  16. Nov 22, 2021SC 13D/A EDGAR
  17. Nov 19, 2021S-8 POS EDGAR
  18. Nov 19, 2021S-8 POS EDGAR
  19. Nov 19, 2021S-8 POS EDGAR
  20. Nov 19, 2021S-8 POS EDGAR

The 40 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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