[Satellite TODAY 06-10-10] Space Systems/Loral (SS/L) has registered for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), SS/L parent company Loral announced June 10.
    SS/L will offer up to 19.9 percent of its common stock to the public, with Loral owning the remainder. Funds raised in the offering will be used by SS/L for working capital and other general corporate purposes, including the financing of further growth and expansion of SS/L’s business, according to the filing.
    Loral CEO Michael Targoff initially confirmed SS/L’s IPO plans in May while announcing Loral’s 2010 first quarter results. “In order to further support the growth in SS/L’s business, we intend to pursue an initial public offering for the sale of up to 19.9 percent of SS/L. We are working with two leading investment banks in connection with the planned IPO and for the evaluation of other possible strategic alternatives,” Targoff said.
    SS/L reported first quarter 2010 revenues of $230.8 million, compared to $216.4 million in the first quarter of 2009. Adjusted EBITDA for the quarter was $12.7 million, compared to $10.4 million for the first quarter of 2009. SS/L’s backlog stood at $1.4 billion as of March 31.

Loral CEO Targoff Reveals Intent to Sell Part of SS/L Stake   Satellite Today   May 12, 2010
[Satellite TODAY 05-12-10] Loral CEO Michael Targoff confirmed that the company intends to sell a portion of its stake in Space Systems/Loral (SS/L) while announcing Loral s 2010 first quarter results, released May 11.

SS/L Delivers Dish Network s EchoStar 15 to ILS   Satellite Today   June 10, 2010
[Satellite TODAY 06-10-10] Space Systems/Loral (SS/L) has shipped Dish Network s EchoStar 15 communications satellite to the Baikonur Space Center in Kazakhstan, where International Launch Services (ILS) will launch the spacecraft in early July…

SS/L Completes Propulsion System Design Review; Delivers Antenna to NASA   Satellite Today   May 21, 2010
[Satellite TODAY 05-21-10] Space Systems/Loral (SS/L) has completed a preliminary design review for a propulsion system that it is building for NASA, the company announced May 20. The review confirmed that the preliminary design of the…