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Loral Space & Communications To Webcast 2007 Annual Meeting Of Stockholders

NEW YORK - May 18, 2006 - Loral Space & Communications (NASDAQ: LORL) will host a live, listen-only audio web cast of the Company's 2007 annual meeting of stockholders, hosted by chief executive officer Michael B. Targoff, to be held on Tuesday, May 22, 2007, in New York City.

The web cast will begin at approximately 10:30 am ET. Listeners can access the web cast on Loral's web site (www.loral.com) under "Events & Presentations" in the Investor Relations section. An archive of the web cast will be available on Loral's web site for 30 days.

If you are unable to access the web cast, you may listen by telephone by dialing (913) 312-6669. A telephone replay will be available for one week by dialing (719) 457-0820, passcode 5168424.

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.

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Contact:
John McCarthy
(212) 338-5345

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