Sea Launch Release

Sea Launch Signs Launch Contract for Intelsat Americas-9 Spacecraft

Long Beach, Calif., May 01, 2006 -- Sea Launch has signed a firm launch
contract with Intelsat to orbit the Intelsat Americas-9 (IA-9)
spacecraft in the 4th Quarter of 2007. IA-9 is currently under
construction at Space Systems/Loral (SS/L) in Palo Alto, Calif. This
mission will be Sea Launch's second with Intelsat; the IA-8 mission was
successfully completed in June 2005.

"We are proud to welcome back Intelsat for another Sea Launch mission,"
said Rob Peckham, interim president and general manager of Sea Launch.
"We view this new contract as a testament to Intelsat's confidence in
our launch system and our team. We won't let them down."

The IA-9 spacecraft is a high-power, C-band and Ku-band satellite that
will provide communications service to North America, Central America
and the Caribbean. Intelsat currently plans to operate the satellite
from an orbital location at 97 degrees West longitude. IA-9 will become
Intelsat's newest satellite covering North America.
About Intelsat
Intelsat is a global communications provider offering flexible and
secure services to customers in over 200 countries and territories.
Intelsat has maintained a leadership position for over 40 years by
distributing video, voice and data for television and content providers,
government and military entities, major corporations, telecommunications
carriers and Internet service providers. Intelsat's reach, power and
expanding solutions portfolio deliver information reliably and quickly
to every corner of the globe. For more information, visit www.intelsat.com.
About Space Systems/Loral
Space Systems/Loral, a subsidiary of Loral Space &Communications
(NASDAQ: LORL), is a premier designer, manufacturer and integrator of
powerful satellites and satellite systems. SS/L also provides a range of
related services that include mission control operations and procurement
of launch services. Based in Palo Alto, Calif., the company has an
international base of commercial and governmental customers whose
applications include broadband digital communications, direct-to-home
broadcast, defense communications, environmental monitoring and air
traffic control. SS/L is ISO 9001:2000 certified. For more information,
visit www.ssloral.com.
About Sea Launch
Sea Launch Company, LLC, headquartered in Long Beach, Calif., is the
world's most reliable heavy-lift commercial launch service. This
international partnership offers the most direct and cost-effective
route to geostationary orbit. With the advantage of a launch site on the
Equator, the robust Zenit-3SL rocket can lift a heavier spacecraft mass
or provide longer life on orbit, offering best value plus schedule
assurance. Sea Launch is building a legacy, with one successful launch,
one satisfied customer, at a time. For additional information, please
visit the Sea Launch website at: www.sea-launch.com.
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