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Loral Space & Communications Inc. is a Delaware-domiciled satellite communications company headed by Michael B. Targoff. The company was formed in 1996 from the remnants of Loral Corporation when Loral divested its defense electronics and system integration businesses to Lockheed Martin for $9.1 billion. [ 3 ]
The Space Systems Division was made a stand-alone Division of Aeronutronic/Ford Aerospace/ and was acquired by Loral Corp. in 1990 for $715 million from Ford Motor Company, and renamed Space Systems/Loral. All other divisions of Ford Aerospace including Western Development Labs now located in San Jose were also acquired by Loral at that time.
Maxar Technologies is the parent holding company of Space Systems Loral, headquartered in Palo Alto, California, US; DigitalGlobe, headquartered in Westminster, Colorado, US; and Radiant Solutions, headquartered in Herndon, Virginia, US. From 2017 to 2023, it was dual-listed on the Toronto Stock Exchange and New York Stock Exchange as MAXR.
With an ROE of 24.08%, Loral Space & Communications Inc (NASDAQ:LORL) outpaced its own industry which delivered a less exciting 14.15% over the past year. On the surface, this looksRead More...
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The Smartest Space Stock to Buy With $500 Right Now. Rich Smith, The Motley Fool ... prices plummeted 70%, 80%, and even 90% through early 2023. ... rocket services and space systems -- should be ...