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Loral Space & Communications
Delaware-domiciled satellite communications company
Loral Space & Communications
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. Loral presently has an investment in Telesat Canada in partnership with the Public Sector Pension Investment Board of Canada, and merged into a new stock offering (TSAT) on the Nasdaq in November, 2020. The company also participates in a number of international and domestic joint ventures, including an ownership stake in XTAR.
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