Loral Space & Communications Inc. (Nasdaq:LORL) recently announced its financial results for the three months and six months ended June 30, 2011. Revenues and Adjusted EBITDA1 for the first half of the year at both Telesat and Space Systems/Loral (SS/L) showed continued improvement when compared to the first half of 2010. Second quarter results continue to reflect improved operating margins; however, reported results were lower at SS/L compared to the second quarter of 2010, primarily due to the benefit from the recognition of overhead rate improvements in the prior period, and the effects in the current quarter of the timing and average size and profitability of satellites under construction at SS/L, and costs associated with a solar array anomaly on Telstar 14R/Estrela do Sul 2 upon its launch.

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