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Loral Space & Communications Inc. (LORL)

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20.34+0.14 (+0.69%)
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Chart Events
Neutralpattern detected
Previous Close20.20
Open20.34
Bid20.54 x 800
Ask23.54 x 1100
Day's Range20.00 - 20.40
52 Week Range13.68 - 40.93
Volume51,182
Avg. Volume145,045
Market Cap629.173M
Beta (5Y Monthly)1.61
PE Ratio (TTM)N/A
EPS (TTM)-1.12
Earnings DateNov 10, 2020 - Nov 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMay 13, 2020
1y Target EstN/A
  • Telesat Third Quarter 2020 Conference Call
    GlobeNewswire

    Telesat Third Quarter 2020 Conference Call

    OTTAWA, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Telesat has scheduled a conference call on Thursday, October 29, 2020, at 10:30 a.m. ET to discuss its financial results for the three and nine month periods ended September 30, 2020. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab “Investor Relations” and the heading “News”.Dial-in Instructions: The toll-free dial-in number for the teleconference is +1 800 952 5114. Callers outside of North America should dial +1 416 641 6104. The conference event service confirmation number is: 4342827. The access code is 9600987 followed by the number sign (). Please allow at least 15 minutes prior to the scheduled start time to connect to the teleconference.Dial-in Audio Replay: A replay of the teleconference will be available one hour after the end of the call on October 29, 2020 until 11:59 p.m. ET on November 12, 2020. To access the replay, please call +1 800 408 3053. Callers from outside North America should dial +1 905 694 9451. The access code is 5616479 followed by the number sign ().About TelesatBacked by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat has grown to be one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive growth. Telesat LEO, our Low Earth Orbit network will revolutionize global broadband connectivity by delivering a combination of high capacity, security, resiliency and affordability with ultra-low latency and fiber-like speeds.Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For more information, visit www.telesat.com.Media contact:Michael Bolitho Telesat +1.613.748.8828ir@telesat.com

  • Telesat Teams with Lockheed Martin on Space Development Agency Transport Layer
    GlobeNewswire

    Telesat Teams with Lockheed Martin on Space Development Agency Transport Layer

    Telesat to support investigation of integrating commercial space network with SDA government space networkARLINGTON, Va., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Telesat U.S. Services, a wholly owned subsidiary of leading global satellite operator Telesat, is now part of the Lockheed Martin (NYSE: LMT) team which was recently awarded the Space Transport Layer Tranche 0 contract by the U.S. Space Development Agency (SDA). The Lockheed Martin-led team will provide on-orbit delivery of 10 space vehicles with optical inter-satellite links (OISLs), contributing to a total of 20 satellites in Tranche 0. As part of this team, Telesat will support a commercial interoperability exercise by working with the Lockheed Martin team to demonstrate interoperability between the OISLs of the SDA’s Transport Layer satellites and those of Telesat’s Low Earth Orbit (LEO) constellation. The OISLs native to Telesat LEO will be compatible with the SDA’s OISL standard for an assured, resilient and secure network. OISL technology is the enabler of vastly improved network security, resilience and performance in any space communications network. As a commercial OISL leader, Telesat will work with Lockheed Martin to explore interoperability of the SDA Space Transport Layer Tranche 0 satellites with the Telesat LEO network.“Lockheed Martin took a visionary approach to their SDA Transport Layer team, incorporating commercial space solutions to provide the U.S. government greater communications system resiliency and flexibility. We’re proud to bring Telesat’s system engineering expertise to the team,” said Don Brown, General Manager of Government Services at Telesat. “With the Telesat LEO advanced space architecture, governments worldwide can leverage commercial innovations. This approach, underpinned by Telesat’s OISL expertise, will enable space network performance on par with terrestrial networks, helping Lockheed Martin and the SDA demonstrate how interoperability with the commercial space networks can effectively drive better results for government connectivity.”As part of the project, Telesat will conduct hardware and software testing on their LEO emulator at Telesat’s U.S. Government facility.This project comes on the heels of numerous government partnerships for Telesat, including exploring the future of space-based government communications with the U.S. Defense Advanced Research Project Agency’s (DARPA) Blackjack program and the U.S. Space Force, Space and Missile Systems Center’s (SMC) CASINO program. Through these partnerships, Telesat continues to showcase the possibilities of Telesat LEO in supporting government efforts and meeting the U.S. Government’s unique unilateral requirements, including offering true global connectivity throughout the polar regions.About TelesatBacked by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat has grown to be one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive growth. Telesat LEO, our Low Earth Orbit network will revolutionize global broadband connectivity by delivering a combination of high capacity, security, resiliency and affordability with ultra-low latency and fiber-like speeds.Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For more information, visit www.telesat.com.About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. For additional information, visit our website: www.lockheedmartin.com.Please follow @LMNews on Twitter for the latest announcements and news across the corporation.Media contacts:KWT Global for Telesat telesat@kwtglobal.comLockheed Martin Chris Pettigrew, +1 720-607-9445; Christopher.w.pettigrew@lmco.comForward-Looking Statements Safe HarborThis news release contains statements that are not based on historical fact and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words “will”, “can”, or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the “Risk Factors” sections of Telesat Canada’s Annual Report on Form 20-F for the fiscal year ended December 31, 2019 and in Telesat Canada’s Quarterly Report on Form 6-K for the quarters ending March 31, 2020 and June 30, 2020, all of which can be obtained from the SEC website.Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, the impact of COVID-19 on Telesat’s business and the economic environment, the ability to successfully deploy an advanced global LEO satellite constellation, the availability of government and/or other funding for the LEO satellite constellation, the receipt of proceeds in relation to the re-allocation of C-band spectrum, volatility in exchange rates, the ability to expand our existing satellite utilization and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein.

  • GlobeNewswire

    Telesat U.S. Services Awarded DARPA Contract for Blackjack Track B Research, Development and in-Orbit Demonstration with Telesat LEO

    Telesat U.S. Services will deliver two spacecraft in less than one year to showcase the use of Optical Inter-Satellite Links in orbit for government requirementsARLINGTON, Va., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Telesat U.S. Services, LLC, a wholly owned subsidiary of leading global satellite operator Telesat, has been awarded a contract by DARPA (Defense Advanced Research Projects Agency) for the development and in-orbit demonstration of commercial low-Earth-orbit (LEO) spacecraft buses in a LEO constellation network with robust low-latency communications features as part of DARPA’s Blackjack program. Following Telesat’s initial 2018 contract for system engineering and interface definition under the Blackjack Phase 1 program, Telesat U.S. Services will develop and demonstrate the Blackjack Phase 2/3 Track B technology, including in-orbit testing the capabilities of Optical Inter-Satellite Links (OISLs). As part of Phase 2, Telesat U.S. Services will deliver two spacecraft buses to DARPA in less than one year for a “risk reduction” flight to test OISL communications with government payloads in orbit and to demonstrate OISL interoperability with different hardware. The Phase 2 base contract represents an $18.3 million program for Telesat U.S. Services. Subsequently, additional Telesat LEO spacecraft may be procured to fully populate the Blackjack constellation, which represents a total contract value of up to $175.6 million if all options are exercised.“This next phase of the Blackjack program will showcase the powerful capabilities that commercial LEO networks bring to a hybrid architecture for government space communications,” said Don Brown, General Manager, Telesat U.S. Services. “With OISLs and advanced networking native to the Telesat LEO constellation architecture, we are uniquely positioned to deliver interoperable mesh connectivity between government and commercial constellations. We look forward to continuing our work with DARPA to prove out the game-changing nature of hybrid commercial-government networks.”The Blackjack program is a demonstration of LEO satellites in hybrid commercial-government constellations offering highly resilient space systems, global persistence, low latency communications and rapid technology refresh. These enabling objectives will be accomplished by leveraging commercial space technologies including commoditized spacecraft buses, ground infrastructure and user segments at unprecedented low costs. The Telesat LEO constellation includes a number of distinctive features that align with the Blackjack program vision, including spacecraft buses with native OISL capability, mesh networking, onboard processing, and a full global network architecture backed by global priority spectrum allocations.About TelesatBacked by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat has grown to be one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive growth. Telesat LEO, our Low Earth Orbit network, will revolutionize global broadband connectivity by delivering a combination of high capacity, security, resiliency and affordability with ultra-low latency and fiber-like speeds.Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For more information, visit www.telesat.com.Media contact:KWT Global for Telesat telesat@kwtglobal.comForward-Looking Statements Safe HarborThis news release contains statements that are not based on historical fact and are ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words “will”, “if”, “may”, or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the "Risk Factors" sections of Telesat Canada's Annual Report on Form 20-F for the fiscal year ended December 31, 2019 and in Telesat Canada’s Quarterly Report on Form 6-K for the quarters ending March 31, 2020 and June 30, 2020, all of which can be obtained from the SEC website.Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, the impact of COVID-19 on Telesat’s business and the economic environment, the ability to successfully deploy an advanced global LEO satellite constellation, the availability of government and/or other funding for the LEO satellite constellation, the receipt of proceeds in relation to the re-allocation of C-band spectrum, volatility in exchange rates, the ability to expand our existing satellite utilization and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat's beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein.