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department in the draft charging letter, including the risk of harm to the security and foreign policy interests of the United States", and stated that they wished to make amends through the payment of restitution. Schwartz subsequently released a statement accepting "full responsibility for the matter" and portrayed the incident as an error by a single Loral employee.
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By the late 1960s, Loral's corporate purchases were causing problems for the company. By 1971 it had lost $ 3 million and was sometimes unable to meet its loan payments. Many acquisitions were not profitable and also not in Loral's primary business. The founders, Lorenz and Alpert, were prepared
254:
the company agreed to pay $ 20 million in fines to settle the matter and to improve its compliance procedures. In the agreement Loral officials neither admitted nor denied the government's charges; Loral executives acknowledged "the nature and seriousness of the offenses alleged by the
149:
systems for the US Navy. In 1959 it went public with an initial offering of 250,000 shares at $ 12 each. Part of the proceeds from this offering were used to build a new headquarters on its 10-acre (40,000 m) site at 825 Bronx River Avenue, in the
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Lockheed Martin Corp., seeking to dramatically alter the landscape of the defense industry for the second time in less than a year, said Monday that it has agreed to buy the defense electronics business of Loral Corp. in a deal valued at more than $ 9
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In 1959 it began to diversify, buying several smaller companies, through which it won more military contracts. Some purchased companies included Willor
Manufacturing Corp., American Beryllium Co., Inc., of
218:
and defense industry, acquiring 16 other defense and aerospace companies. In 1995, Loral had $ 5.5 billion in revenue. In 1996 Loral sold its defense electronics and system integration businesses to
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October 5, 2007 – Loral Space & Communications Inc. and the Public
Pension Investment Board of Canada received the final regulatory approval necessary to complete the acquisition of
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reconnaissance plane. By the late 1960s, Loral specialized in radar receivers, which identified signatures of enemy radar systems on missiles and anti-aircraft guns.
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January 8, 1996 – Lockheed Martin agreed to purchase the defense electronics and system integration businesses of Loral for $ 9.1 billion. Loral becomes
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In addition, the deal will result in the creation of a new company, to be called the Loral Space and
Communications Corporation.
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Goodyear sold GAC to Loral
Corporation ("Loral") in March 1987, after which Loral became the Plan administrator and fiduciary.
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from BCE Inc. for CAD $ 3.25 billion. The acquisition closed on
October 31, 2007, with Loral owning 64 percent of Telesat.
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In the late 1960s, it was awarded many military contracts, including a $ 3.9 million U.S. Navy contract for
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airplane in 1969, and a $ 3.9 million contract for airborne countermeasures for the
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in 1996. The incident arose as a result of an investigation into the launch failure of
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133:. The company's name was taken from the first letters of each founder's surname.
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1959 – Loral makes a public stock offering and becomes a public corporation
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Radar, sonar and infrared detection equipment; satellite communications;
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As its expansion increased, it borrowed $ 15 million from the
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314:'s Federal Systems Division, which becomes Loral Federal Systems.
571:"Satellite Maker Fined $ 20 Million in China Trade Secrets Case"
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In 1961, it formed a division for developing communications,
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559:"Powell Focuses the Spotlight on a Guarded Military Plant"
683:- Company History: Loral Space & Communications Ltd.
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project, and at the peak owns a 42% share in the company.
644:"Lockheed to Acquire Loral In a Deal Worth $ 10 Billion"
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Defunct manufacturing companies based in New York City
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Loral Space & Communications Ltd. Company
History
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for advanced electronics for the U.S. Air Force
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166:, Arco Electronics, and several plastics companies.
285:(GAC) to Loral, which became Loral Defense Systems.
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234:Loral was accused of transferring technology to
738:Defunct computer companies of the United States
614:"Lockheed Will Buy Loral Corp. for $ 9 Billion"
246:-built satellite. In a 2002 agreement with the
173:, and space navigation systems for satellites.
728:Manufacturing companies disestablished in 1996
547:Securities and Exchange Commission News Digest
573:, New York Times, Thursday, January 10, 2002.
441:Loral Infrared & Imaging Systems, LIRIS (
281:1987 – Goodyear Tire and Rubber Company sold
264:1948 – Loral Electronics Corporation founded
203:to sell half their interest in the company.
125:was a defense contractor founded in 1948 in
723:Manufacturing companies established in 1948
187:in 1965, a $ 14 million contract from
178:Massachusetts Mutual Life Insurance Company
561:, New York Times, Tuesday, April 16, 1991.
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427:Lockheed Martin Missiles and Fire Control
549:, April 2, 1959. Cf. p.3 on Loral's IPO.
141:Loral Corporation originally developed
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501:"Loral Space & Communications Ltd"
438:Loral Western Development Laboratories
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448:Loral Electro Optical Systems, LEOS (
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129:by William Lorenz and Leon Alpert as
743:Defunct computer hardware companies
642:Sterngold, James (8 January 1996).
384:Loral Defense Systems (Akron, Ohio)
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296:and Loral Western Development Labs.
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369:Rancho Santa Margarita, California
210:in 1972 before it was acquired by
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612:Peltz, Jeff F. (9 January 1996).
407:Loral Space & Range Systems (
387:Loral Instrumentation (San Diego)
325:, for $ 862 million in cash.
708:Loral Space & Communications
703:Former Lockheed Martin companies
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292:, the divisions of which become
270:1972 – Loral is on the verge of
225:Loral Space & Communications
89:Loral Space & Communications
404:Loral Space Information Systems
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330:Loral Space and Communications
288:October 1990 – Loral acquires
65:William Lorenz and Leon Alpert
1:
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374:Loral Command Control Systems
317:May 5, 1995 – Loral acquires
223:; its remaining units became
131:Loral Electronics Corporation
30:Loral Electronics Corporation
713:Companies based in the Bronx
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584:"MARX v. LORAL CORPORATION"
397:Mil-Spec Computer Systems (
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16:American industrial company
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414:Loral Terracom (San Diego)
206:Loral was on the verge of
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689:- from Funding Universe.
443:Lexington, Massachusetts
185:Doppler navigation radar
229:L-3 Communications
321:, the defense unit of
310:1994 – Loral acquires
409:Sunnyvale, California
379:San Diego, California
252:Department of Justice
471:New York City portal
450:Pasadena, California
423:Grand Prairie, Texas
399:San Jose, California
367:Loral Aeronutronic (
588:case.aw.findlaw.com
523:"Loral Corporation"
303:, Loral begins the
294:Space Systems/Loral
276:Bernard L. Schwartz
244:Space Systems/Loral
212:Bernard L. Schwartz
38:Defense contracting
21:
344:Other acquisitions
283:Goodyear Aerospace
197:Phantom RF-4C
97:L-3 Communications
19:
675:Loral Corporation
618:Los Angeles Times
240:Intelsat 708
164:Sarasota, Florida
123:Loral Corporation
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20:Loral Corporation
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718:Soundview, Bronx
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362:Other past units
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590:. 24 June 1996
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503:. Stocklobster
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353:LTV Missiles
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299:1991 – With
278:acquires it.
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158:, New York.
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680:Answers.com
432:Loral Narda
390:Loral/Liris
154:section of
104:Area served
26:Native name
697:Categories
457:References
305:Globalstar
272:bankruptcy
208:bankruptcy
421:Systems (
357:Solartron
216:aerospace
180:in 1965.
171:telemetry
156:The Bronx
152:Soundview
85:Successor
630:billion.
301:Qualcomm
259:Timeline
127:New York
113:Products
62:Founders
35:Industry
337:Telesat
319:Paramax
137:History
75: (
70:Defunct
48: (
43:Founded
653:20 May
623:20 May
594:20 May
532:20 May
507:20 May
419:Vought
417:Loral
393:Loral
323:Unisys
236:China
193:F-111
147:sonar
143:radar
655:2015
625:2015
596:2015
534:2015
509:2015
395:ROLM
250:and
242:, a
145:and
77:1996
73:1996
50:1948
46:1948
677:at
312:IBM
108:USA
54:in
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