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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
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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
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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
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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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238:. The following year, several of those former Loral units were spun off by Lockheed Martin to become the core of
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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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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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325:'s Federal Systems Division, which becomes Loral Federal Systems.
582:"Satellite Maker Fined $ 20 Million in China Trade Secrets Case"
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In 1961, it formed a division for developing communications,
570:"Powell Focuses the Spotlight on a Guarded Military Plant"
694:- Company History: Loral Space & Communications Ltd.
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project, and at the peak owns a 42% share in the company.
655:"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
177:, Arco Electronics, and several plastics companies.
296:(GAC) to Loral, which became Loral Defense Systems.
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245:Loral was accused of transferring technology to
749:Defunct computer companies of the United States
625:"Lockheed Will Buy Loral Corp. for $ 9 Billion"
257:-built satellite. In a 2002 agreement with the
184:, and space navigation systems for satellites.
739:Manufacturing companies disestablished in 1996
558:Securities and Exchange Commission News Digest
584:, New York Times, Thursday, January 10, 2002.
452:Loral Infrared & Imaging Systems, LIRIS (
292:1987 – Goodyear Tire and Rubber Company sold
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275:1948 – Loral Electronics Corporation founded
214:to sell half their interest in the company.
136:was a defense contractor founded in 1948 in
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734:Manufacturing companies established in 1948
198:in 1965, a $ 14 million contract from
189:Massachusetts Mutual Life Insurance Company
572:, New York Times, Tuesday, April 16, 1991.
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438:Lockheed Martin Missiles and Fire Control
560:, April 2, 1959. Cf. p.3 on Loral's IPO.
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152:Loral Corporation originally developed
512:"Loral Space & Communications Ltd"
449:Loral Western Development Laboratories
459:Loral Electro Optical Systems, LEOS (
140:by William Lorenz and Leon Alpert as
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754:Defunct computer hardware companies
653:Sterngold, James (8 January 1996).
395:Loral Defense Systems (Akron, Ohio)
307:and Loral Western Development Labs.
380:Rancho Santa Margarita, California
221:in 1972 before it was acquired by
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623:Peltz, Jeff F. (9 January 1996).
418:Loral Space & Range Systems (
398:Loral Instrumentation (San Diego)
336:, for $ 862 million in cash.
719:Loral Space & Communications
714:Former Lockheed Martin companies
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303:, the divisions of which become
281:1972 – Loral is on the verge of
236:Loral Space & Communications
100:Loral Space & Communications
415:Loral Space Information Systems
341:Loral Space and Communications
299:October 1990 – Loral acquires
76:William Lorenz and Leon Alpert
1:
385:Loral Command Control Systems
328:May 5, 1995 – Loral acquires
234:; its remaining units became
142:Loral Electronics Corporation
41:Loral Electronics Corporation
724:Companies based in the Bronx
595:"MARX v. LORAL CORPORATION"
408:Mil-Spec Computer Systems (
27:American industrial company
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425:Loral Terracom (San Diego)
217:Loral was on the verge of
700:- from Funding Universe.
454:Lexington, Massachusetts
196:Doppler navigation radar
240:L-3 Communications
332:, the defense unit of
321:1994 – Loral acquires
420:Sunnyvale, California
390:San Diego, California
263:Department of Justice
482:New York City portal
461:Pasadena, California
434:Grand Prairie, Texas
410:San Jose, California
378:Loral Aeronutronic (
18:Loral Vought Systems
599:case.aw.findlaw.com
534:"Loral Corporation"
314:, Loral begins the
305:Space Systems/Loral
287:Bernard L. Schwartz
255:Space Systems/Loral
223:Bernard L. Schwartz
49:Defense contracting
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355:Other acquisitions
294:Goodyear Aerospace
208:Phantom RF-4C
108:L-3 Communications
686:Loral Corporation
629:Los Angeles Times
251:Intelsat 708
175:Sarasota, Florida
134:Loral Corporation
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31:Loral Corporation
16:(Redirected from
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729:Soundview, Bronx
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364:LTV Missiles
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310:1991 – With
289:acquires it.
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169:, New York.
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691:Answers.com
443:Loral Narda
401:Loral/Liris
165:section of
115:Area served
37:Native name
708:Categories
468:References
316:Globalstar
283:bankruptcy
219:bankruptcy
432:Systems (
368:Solartron
227:aerospace
191:in 1965.
182:telemetry
167:The Bronx
163:Soundview
96:Successor
641:billion.
312:Qualcomm
270:Timeline
138:New York
124:Products
73:Founders
46:Industry
348:Telesat
330:Paramax
148:History
86: (
81:Defunct
59: (
54:Founded
664:20 May
634:20 May
605:20 May
543:20 May
518:20 May
430:Vought
428:Loral
404:Loral
334:Unisys
247:China
204:F-111
158:sonar
154:radar
666:2015
636:2015
607:2015
545:2015
520:2015
406:ROLM
261:and
253:, a
156:and
88:1996
84:1996
61:1948
57:1948
688:at
323:IBM
119:USA
65:in
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