BNET Industries
Market Cap:$696.5M
Last Fiscal Year Sales:$882.4M
- Public
- US
Dow Jones Description
Loral orbits above its competitors. Founded in 1996 and headquartered in New York, NY, Loral Space & Communications Ltd. (NASDAQ: LORL) is a satellite communications firm. The company operates in two segments: Satellite Manufacturing and Satellite Services. It owns and operates a network of satellites for television and radio broadcast, weather observation, and data distribution. It also designs and manufactures satellites and their systems and components. It sells its products and services in North America, Europe, and Asia. The company has annual revenues of about $626 million and employs about 1,700 people. In 2005, it emerged from Chapter 11 bankruptcy and it delivered five satellites, including iPSTAR, the largest commercial communications satellite ever placed into orbit.
Vice Chairman & CEO
Michael B. TargoffNumber of Employees 2,300
Peer Companies
NAICS Code Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing: 334220
News & Analysis
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government and loral space & communications ltd. - All News and Analysis
Loral receives FCC approval for Telesat acquisition
- 2007-10-08
TELECOMWORLDWIRE-8 October 2007-Loral receives FCC approval for Telesat acquisitionC1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Loral Space & Communications Inc (Nasdaq: LORL), a satellite communications company, announced on Friday (5 October) that the Federal Communications Commission FCC has granted Loral and the Public Sector Pension Investment Board PSP Investments, the company's...
Intelsat Expects Closing of Purchase of Loral's North American Satellite Assets as Early as Year End; Company Awaits FCC Approval—the Final Milestone—and Announces Conference Call
- 2003-11-11
Business Editors HAMILTON, Bermuda--BUSINESS WIRE--Nov. 11, 2003 Intelsat, Ltd. today announced that the time for appealing the bankruptcy court's order approving the company's pending purchase of the North American satellite assets of Loral Space & Communications Corporation has expired and that no appeal was taken. This milestone sets...
EchoStar reclaims Ka-band. (Capital Watch).(Brief Article)
- 2002-11-25
EchoStar will get a chance to launch its new Ka-band satellite after all. The FCC last week reinstated the company's license to launch and operate EchoStar 9, a hybrid Ku/Ka-band satellite under construction by Loral. In July, the FCC ruled that EchoStar...
Loral and U.S. government settle 1996 Chinese launch matter; Justice Department declines further action; Payment of fine spread over seven years.
- 2002-01-10
M2 PRESSWIRE-10 January 2002-LORAL SPACE AND COMMUNICATIONS: Loral and U.S. government settle 1996 Chinese launch matter; Justice Department declines further action; Payment of fine spread over seven years C1994-2002 M2 COMMUNICATIONS LTD RDATE:09012002 New York -- Loral Space &...
Loral and US government settle 1996 Chinese launch matter. (Top Stories).(Loral Space and Communications Ltd.)(Brief Article)
- 2002-01-01
Loral Space and Communications announced that it has reached a settlement with the US government in a case relating to the company's involvement in a review of a Chinese rocket launch failure in 1996. Loral also announced that it has been informed that the Justice Department...
For National Security's Sake, Berger Should Resign
- 1999-04-19
It's time for National Security Adviser Sandy Berger to go. Not only has his knee-jerk reaction to the Chinese espionage scandal -- "We're talking about breaches of security that happened in the mid 1980s," when Ronald Reagan was president -- been tired and old, but his explanation for what happened...
Corporate bullies: the 10 worst corporations of 1998.
- 1998-12-01
A listing of the top 10 corporations in terms of their contribution to unchecked commercialism. corporate criminality, social injustice, environmental pollution, public health issues and the wprldwide decline of democracy is presented. The 10 worst firms of 1998 include Chevron, Coca-Cola, General Motors, Loral Corp, Mobil Oil, Monsanto, Royal Caribbean...
Cancel the kotow summit
- 1998-05-29
If President Clinton follows through on his planned trip to Beijing next month, it will be the most curious journey by a senior American official since Gen. Benedict Arnold abandoned his post at West Point and sought refuge on a British warship. Senior congressional Republicans, including House Speaker Newt Gingrich...
More US Federal Agencies Expand Their Use Of Delrina Formflow Enterprise-wide
- 1995-11-13
WASHINGTON and TORONTO--BUSINESS WIRE--Nov. 13 1995 -- DELRINA CORPORATION(2) (NASDAQ:DENAF TSE:DC) GTSI AND LORAL SELECT FORMFLOW FOR AIR FORCE'S DESKTOP IV CONTRACT AND ARMY'S SBIS CONTRACTEditor's Summary:- Organizations such as Air National Guard ANG, Army Medical Command MEDCOM, and Defense Information Systems Agency DISA adopt enterprise-wide licensing of FormFlow with...
Inside the stockade. (US defense industry) (Industry Overview)
- 1994-04-02
Investment banks are poised to take advantage of the inevitable restructuring of the defense industry, which has as high a cashflow it has ever had due to downsizing and cutbacks. Goldman Sachs is auctioning Grumman Corp off to its two main pursuers, Northrop and Martin Marietta.THE arms makers of America...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Eric J. Zahler | President |
| Richard J. Townsend | CFO & Executive Vice President |
| Arnold Friedman | Senior Vice President, Sales, Marketing, Worldwide |
| Robert Berry | Senior Vice President |
| Avi Katz | General Counsel, Vice President & Secretary |
| Barry Sitler | Vice President, Tax |
| C. Patrick Dewitt | Vice President |
| Donald Kutyna | Vice President, Space Technology |
| Harvey B. Rein | Vice President & Controller |
| Janet Yeung | Vice President, Deputy General Counsel & Assistant Secretary |
| Jeanette H. Clonan | Vice President, Communications, Investor Relations |
| Jonathan P Kirchner | Vice President, Business Development, Marketing |
| Laurence Atlas | Vice President, Govt Relations & Telecommun |
| Patrick DeWitt | Vice President |
| Patrick K. Brant | Vice President |
| Richard P. Mastoloni | Vice President |
| Russell Mack | Vice President, Business Ventures |
| Stephen Jackson | Vice President, Admin |
| Terry J. Hart | Vice President |
| John McCarthy | Director, Communications |
| C Patrick | |
| Chris Hoeber | |
| John Celli | |
| John Stack | Assistant Treasurer |
| Larry Wray | |
| Lisa Stein | Assistant Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Michael B. Targoff | Vice Chairman & CEO |
| Mark H. Rachesky | Chairman |
| Arthur L. Simon | Board of Directors |
| Bernard L. Schwartz | Board of Directors |
| Charles Lazarus | Board of Directors |
| Daniel Yankelovich | Board of Directors |
| Dean Olmstead | Board of Directors |
| E. Donald Shapiro | Board of Directors |
| Gershon Kekst | Board of Directors |
| Hal Goldstein | Board of Directors |
| John D. Harkey Jr. | Board Director |
| John P. Stenbit | Member, Board of Directors |
| Malvin A. Ruderman | Board of Directors |
| Robert B. Hodes | Board of Directors |
| Sai S. Devabhaktuni | Board of Directors |
| Sally Minard | Board of Directors |
Michael B. Targoff is chief executive officer and president of Loral Space & Communications Inc. (NASDAQ: LORL), headquartered in New York City. He is also vice chairman of Loral's Board of Directors and serves on the Board's executive committee. Mr. Targoff was named chief executive officer in 2006 and became president in January 2008. He originally joined Loral in 1981 and served as senior vice president and general counsel until January 1996, when he was elected president and chief operating officer of the newly formed Loral Space & Communications. He founded Michael B. Targoff & Co., in 1998 and served as principal until February 2006. The firm, which invested in telecommunications and related industry early stage companies. Mr. Targoff is chairman of the board of CPI International, Inc, a director of ViaSat, Inc. (NASDAQ: VSAT) and a director of Leap Wireless International, Inc. (NASDAQ: LEAP). He is chairman of the audit committee of LEAP and a member of the audit committee of CPI International. Mr. Targoff is also chairman of the board of directors of three small private telecom companies. Prior to joining Loral in 1981, Mr. Targoff was a partner in the New York City law firm, Willkie Farr & Gallagher. Mr. Targoff attended Brown University, where he received a Bachelor of Arts degree in 1966 and he earned a doctor of jurisprudence degree degree from the Columbia University School of Law in 1969. He was a Harlan Fiske Stone Scholar and editor of the Columbia Journal of Law & Social Problems.
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice Chairman & CEO | Current |
| Leap Wireless International, Inc. | Chairman | Current |
| CPI International, Inc. | Chairman | Current |
| ViaSat, Inc. | Board of Directors | Current |
| Cricket Unlimited | Director | Current |
| Leap Wireless International, Inc. | Board Member | Current |
| Audible Magic Corporation | Board of Directors | Current |
| Infocrossing, Inc. | Board Member | Current |
| Booksfree.Com, Inc. | Director | Current |
| Vsat Networks | Director | Current |
| Space Systems/Loral, Inc. | Chief Executive Officer, Loral Space & Communications | Current |
| Loral Skynet | Vice Chairman and Chief Executive Officer | Former |
| Loral Space & Communications, Inc. | President | Former |
| Loral Space & Communications, Inc. | Chief Operating Officer | Former |
| Loral Space & Communications, Inc. | Senior Vice President | Former |
| Loral Corporation | Senior Vice President | Former |
| Willkie Farr & Gallagher Llp | Partner | Former |
| Columbia Journal of Law and Social Problems | Hamilton Fisk Scholar | Former |
| Loral Space & Communications, Inc. | General Counsel | Former |
| Columbia Journal of Law and Social Problems | Editor | Former |
| CPI Corporation | Chairman | Former |
| Loral Skynet | Board of Directors | Former |
| Loral Corporation | Secretary | Former |
| CPI International, Inc. | Board Member | Former |
| Columbia University Law School | J.D. | Former |
| Columbia University | J.D. Degree | Former |
| Columbia University | Bachelor of Arts degree | Former |
| Brown University | B.A. Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | President | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | CFO & Executive Vice President | Current |
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Senior Vice President, Sales, Marketing, Worldwide | Current |
| Space Systems/Loral, Inc. | Senior Vice President of Marketing and Sales | Current |
| Space Systems/Loral, Inc. | Sales Executive | Current |
| Xtar, LLC | Board of Directors | Current |
| Space Systems/Loral, Inc. | Vice President, Ventures | Former |
| Ssl | vice president, ventures | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Senior Vice President | Current |
| Space Systems/Loral, Inc. | President | Former |
| Ssl | president | Former |
| Space Systems/Loral, Inc. | Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | General Counsel, Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Tax | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Space Technology | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President & Controller | Current |
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Deputy General Counsel & Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Communications, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Business Development, Marketing | Current |
| Loral Skynet | Vice President, Marketing & Business Dev | Current |
| CNN Worldwide | Former | |
| Time Warner Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Govt Relations & Telecommun | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Lavell Systems Inc. | Board Member, President & Chief Executive Officer | Current |
| Skyport Global Communications, Inc. | President, CEO & Board Member | Former |
| Loral Space & Communications, Inc. | Vice President | Current |
| Loral Skynet | President | Former |
| FSS Co. Inc. | Former | |
| University of Maryland | bachelor's in economics | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Business Ventures | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President, Admin | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Director, Communications | Current |
| Loral Space & Communications, Inc. | Director, Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Current | |
| Space Systems/Loral, Inc. | president | Former |
| Ssl | Former | |
| San Jose State University | Bachelor of Science degree in business administration | Former |
| Organization | Position | Status |
|---|---|---|
| Space Systems/Loral, Inc. | Senior Vice President, Program Management & Systems Engineering | Current |
| Loral Space & Communications, Inc. | Current | |
| Ssl | vice president of business development | Former |
| Space Systems/Loral, Inc. | Vice President of Business Development | Former |
| Cornell University | degrees in electrical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Space Systems/Loral, Inc. | Data Processing Executive | Current |
| Loral Space & Communications, Inc. | Current | |
| Space Systems/Loral, Inc. | President | Current |
| Ssl | executive director | Former |
| University of Rome | Master's Degree In Mechanical Engineering | Former |
| University of Rome | degrees in mechanical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Assistant Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Space Systems/Loral, Inc. | Vice President, Product Assurance | Current |
| Loral Space & Communications, Inc. | Current | |
| General Dynamics Corporation | Director of Systems Engineering over ten years | Former |
| Space Systems/Loral, Inc. | Ethics Officer | Former |
| General Dynamics Corporation | engineer | Former |
| University of California, Los Angeles | Masters Degrees | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| NationsHealth, Inc. | Co-Founder | Current |
| East Coast Diabetic Supply | Co-Founder | Current |
| Neose Technologies, Inc. | Board of Directors | Current |
| Loral Space & Communications, Inc. | Chairman | Current |
| Telesat Canada | Non-Executive Chairman of the Board | Current |
| Leap Wireless International, Inc. | Member and Chairman | Current |
| NationsHealth, Inc. | Board of Directors | Current |
| Keryx Biopharmaceuticals, Inc. | Director | Current |
| NovaDel Pharma Inc. | Board of Directors | Current |
| Lions Gate Entertainment Corp. | Board of Directors | Current |
| Emisphere Technologies, Inc. | Board of Directors | Current |
| East Coast Diabetic Supply | Board of Directors | Current |
| Leap Wireless International, Inc. | Board of Directors | Former |
| Stanford University School of Medicine | M.D. | Former |
| Stanford University | M.B.A. | Former |
| University of Pennsylvania | BS | Former |
Mr. Simon is an independent consultant. Before his retirement, Mr. Simon was a partner at Coopers & Lybrand L.L.P., Certified Public Accountants, from 1968 to 1994.
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Space Systems/Loral, Inc. | Current | |
| Loral Skynet | Current | |
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Loral Space & Communications, Inc. | Chairman & CEO | Former |
| Loral Corporation | CEO | Former |
| Loral Corporation | chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
Mr. Goldstein is a co-founder of MHR and is currently a managing principal of MHR. Mr. Goldstein has served MHR in various capacities since 1996.
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Cracken, Harkey & Co | Chief Executive Officer | Current |
| Cracken, Harkey, Street & Hartnett, LLP | CEO | Current |
| Cracken, Harkey & Co | Partner | Current |
| Emisphere Technologies, Inc. | Chairman | Current |
| Loral Space & Communications, Inc. | Board Director | Current |
| Pizza Inn, Inc. | Board Director | Current |
| Young Presidents' Organization | Board of Directors | Current |
| Cricket Unlimited | Director | Current |
| Cracken, Harkey, Street & Hartnett, LLP | Vice Chairman | Current |
| Emisphere Technologies, Inc. | Board Director | Current |
| Leap Wireless International, Inc. | Board Director | Current |
| Fox & Hound Restaurant Group | Board of Directors | Current |
| Energy Transfer Partners, L.P. | Board Director | Current |
| Leap Wireless International, Inc. | Audit Committee Member | Current |
| Cricket Unlimited | Chairman and Chief Executive Officer | Former |
| Capstone Partners, Inc. | Managing Director | Former |
| Capstone Capital, LLC | Managing Director | Former |
| Capstone Capital, LLC | Founder | Former |
| Capstone Partners, Inc. | Founder | Former |
| The University of Texas | J.D | Former |
| The University of Texas at Austin | J.D. | Former |
| University of Texas School of Law | J.D. | Former |
| The University of Texas | B.B.A | Former |
| The University of Texas at Austin | B.B.A. With Honors | Former |
| Organization | Position | Status |
|---|---|---|
| Groove Networks, Inc. | Is A Director | Current |
| Cogent, Inc. | Is A Director | Current |
| SI International, Inc. | Is A Director | Current |
| ManTech MBI, Inc. | Is A Director | Current |
| Aetc Incorporated | Is A Director | Current |
| Viasat | Is A Director | Current |
| Defense Group, Inc. | Is A Director | Current |
| ManTech MBI, Inc. | Consultant | Current |
| Mercator Partners, LLC | Advisor | Current |
| National Security Agency | Member, Advisory Board | Current |
| Nexql Corporation | Board of Directors | Current |
| Groove Networks, Inc. | Director | Current |
| Defense Group, Inc. | Board of Directors | Current |
| Alliantgsa | Board of Directors | Current |
| Viasat | Director | Current |
| Logtec, Inc. | Board of Directors | Current |
| Aetc Incorporated | Director | Current |
| Biowarn LLC | Board of Directors | Current |
| SI International, Inc. | Member, Board of Directors | Current |
| SM&A Corporation | Director | Current |
| Defense Science LLC | Board of Directors | Current |
| Loral Space & Communications, Inc. | Member, Board of Directors | Current |
| Vsat Networks | Director | Current |
| The Mitre Corporation | Board of Directors | Current |
| ViaSat, Inc. | Director | Current |
| Link-16 and International | Director | Current |
| Cogent, Inc. | Member, Board of Directors | Current |
| TRW, Inc. | Executive Vice President | Former |
| Information Integration, LLC | Assistant Secretary | Former |
| Control, Inc | Assistant Secretary | Former |
| The Aerospace Corporation | Fellow | Former |
| SI International, Inc. | Consultant | Current |
| Viasat | Consultant | Former |
| Groove Networks, Inc. | Consultant | Former |
| Intelligence, Inc. | Board of Directors | Former |
| ManTech MBI, Inc. | Director | Former |
| Information Integration, LLC | Board of Directors | Former |
| Co-Defense | Board of Directors | Former |
| Control, Inc | Board of Directors | Former |
| California Inc | M.S. Degree In Electrical Engineering | Former |
| California Institute of Technology | M.S. degree in electrical engineering | Former |
| California Inc | B.S. Degree In Engineering | Former |
| California Institute of Technology | degrees in electrical engineering | Former |
| TRW, Inc. | Member | Former |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
Mr. Devabhaktuni is currently a managing principal of MHR, an investment manager of various private investment funds that invest in inefficient market sectors, including special situation equities and distressed investments. Mr. Devabhaktuni has served MHR in various capacities since 1998.
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Loral Space & Communications, Inc. | Board of Directors | Current |
Executive News
-
TV boosts Lions Gate quarterly earnings
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Loral Space & Communications Inc. Q2 2009 Earnings Call Transcript
-
Television delivers strong quarter for Lions Gate
-
Loral Reports Second Quarter 2009 Financial Results
-
New Fund-Raising Reality for New Jersey Governor
-
For N.J. Governor, a New Fund-Raising Reality
-
Corzine Seeks Campaign Donations After a Decline in His Wealth
-
Corzine, His Wealth Dropping, Seeks Campaign Donations
-
Space Systems/Loral-Built Satellite for SIRIUS XM Radio Successfully Begins Post-Launch Maneuvers
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