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Loral Space & Communications To Host 2007 First Quarter Results Conference Call

NEW YORK - May 4, 2007 - Loral Space & Communications (NASDAQ: LORL) invites shareholders, analysts and professional investors to participate in a conference call with Loral chief executive officer Michael B. Targoff, to discuss Loral's first quarter 2007 results. A press release on the period's results will be issued prior to the market opening on May 8, 2007.

The call will begin at 11:00 am ET on Tuesday, May 8, 2007.

To participate, please dial (913) 643-4250 approximately 10 minutes prior to the scheduled start of the call.

A listen-only web cast of the call may be accessed on Loral's web site (www.loral.com) under "Events & Presentations" in the Investor Relations section.

If you are unable to listen to the call, a replay will be available beginning at 2:00 pm ET on May 8th through 11:59 pm on May 15th, by dialing (719) 457-0820, access code 4039275. The web cast will be available on Loral's web site for 30 days.

Loral Space & Communications is a satellite communications company. It is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. Loral also owns and operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute broadband data, and provide access to Internet services and other value-added communications services. For more information, visit Loral's web site at www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Inc. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made from time to time with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. Many of these factors and conditions are described under the caption "Risk Factors" in the company's annual report on Form 10-K for the fiscal year ended December 31, 2006. The reader is specifically referred to these documents, as well as the company's other filings with the Securities and Exchange Commission.

John McCarthy
(212) 338-5345

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