U.S. Air Force Awards Contract Option to SSL

SSL to continue concept development for next generation protected military satellite communications

PALO ALTO, CA, Aug. 8, 2013 /PRNewswire/ - Space Systems/Loral (SSL), a leading provider of commercial satellites, today announced that it was awarded a contract option by the U.S. Air Force Space and Missile Systems Center (SMC) to continue developing and demonstrating affordable design concepts for next generation Protected Military Satellite Communications (MILSATCOM).

"Our extensive history in developing satellite communications systems positions SSL well to take a fresh look at affordable ways to provide advanced communications capability to the warfighter," said Eric Spittle, president, SSL Federal. "The award of this contract option is an excellent endorsement of our success in the first phase of the concept exploration process."

SSL has many years of success addressing changing requirements in mobile communications, broadband, and high definition video broadcasting within the budget and schedule constraints of the commercial marketplace.  For SMC's future Protected MILSATCOM efforts, SSL is leveraging this experience to develop cost-effective solutions for secure SATCOM connectivity for highly mobile platforms such as remotely piloted aircrafts and ground command and control vehicles operating in contested environments.

About SSL
SSL has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world's leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SSL satellites every day. For more information, visit www.ssloral.com.

Forward-Looking Statements
This news release contains forward-looking statements and information, which reflect the current view of Space Systems/Loral (SSL) with respect to future events and financial performance.  When used in this news release, the words "believes", "expects", "plans", "may", "will", "would", "could", "should", "anticipates", "estimates", "project", "intend" or "outlook" or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; risks associated with satellite manufacturing, including competition, cyclicality of SSL's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of SSL's factory and personnel; risk associated with financial factors such as volatility in exchange rates, increases in interest rates, restrictions on access to capital, and swings in global financial markets; risks associated with domestic and foreign government regulation, including export controls and economic sanctions; and other risks, including litigation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects SSL's beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, SSL disclaims any obligation or undertaking to update or revise the information herein.

SOURCE SSL