Loral Space & Communications Inc.
Q2 2009 Earnings Call Transcript

Published: 11 Aug 2009

[Operator:]

Good day, everyone, and welcome to the Loral Space & Communications 2009 second quarter results conference call. (Operator Instructions) Now I would like to turn the conference over to Wendy Lewis, Director of Communications. Please go ahead, ma'am.

[Wendy Lewis:]

Good morning. As we proceed with the call today some of the remarks we make about our future expectations, plans and prospects will be forward-looking statements under the Private Securities Litigation Reform Act of 1995. As you know, actual results may differ materially from those discussed here as a result of a wide variety of factors and conditions. Please refer to the most recent 10-K and 10-Q forms that we have filed with the SEC for information on those factors and conditions. Now I would like to turn the call over to Michael Targoff, Chief Executive Officer of Loral Space & Communications.

[Michael Targoff:]

Thank you, Wendy, and good morning, everyone. With me today are two of our senior executives - Harvey Rein, our Chief Financial Officer, and Richard Mastoloni, our Treasurer and Senior Vice President. Yesterday we announced our results for the three months and six months ending June 30 and filed our 10-Q for the quarter. I'd like to take this opportunity to review the quarter, to draw your attention to some of the important highlights and discuss our current status. At the end of the call, as we have in the past, we will open the call for questions. Despite the continued challenging economic environment, there is good news at both Space Systems Loral and Telesat. I believe our reported results, our current status and our prospects continue to provide ample evidence that we are on track to drive growth and shareholder value at Loral. Speaking first about our manufacturing operation, I have often said that we look at SS/L not on a quarter-to-quarter basis but in terms of long-term creation of shareholder value. We have advanced significantly over the past few years and continue to report improved results. Moreover, when you delve deeper into our operation, there are positive indications to support further growth. This is demonstrated in a number of ways

[Operator:]

Thank you, sir. (Operator Instructions) And we have no questions at this time.

[Michael Targoff:]

Okay. Thank you very much, everyone. I appreciate your attendance and look forward to speaking with you at the end of the next quarter.

[Operator:]

Once again, that does conclude today's conference call and we thank you for your participation.