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SSL TO PROVIDE SPACECRAFT FOR NASA ASTEROID EXPLORATION MISSION

Palo Alto, Calif. – January 6, 2017 Space Systems Loral (SSL), a leading provider of innovative satellites and spacecraft systems, today announced that it will provide a spacecraft platform for a NASA Discovery Mission to explore the metallic asteroid 16 Psyche. SSL will work for NASA’s Jet Propulsion Laboratory (JPL) to support Principal Investigator Dr. Lindy Elkins-Tanton, director of Arizona State University’s (ASU) School of Earth and Space Exploration, in a mission to research the 210 km diameter asteroid, which is believed to be the only place in the solar system where a metal planetary core can be studied. As the industrial partner, SSL will provide the “power-propulsion chassis,” a highly capable composite structure spacecraft platform equipped with a high-power solar electric propulsion (SEP) system.

The NASA Discovery Program goal is to deepen the knowledge of our solar system by launching modest cost-capped missions on a routine cadence. Scheduled to launch in the 2020s, the Psyche mission was selected for flight out of five Discovery Mission candidates.

“Our many years of experience and success in building state of the art spacecraft, position us well to support NASA programs and to contribute to this NASA Discovery Mission,” said John Celli, president of SSL. “SSL is honored to partner with ASU and JPL to enable this ground breaking research, which will help us better understand the early days of the solar system and formation of terrestrial planets.”

The spacecraft design is based on the SSL 1300 platform, which has been proven on more than 100 missions, and has the flexibility to serve a broad range of applications, ranging from space exploration and remote sensing, to commercial communications. SSL is also contributing to a variety of other next generation U.S. government missions, including the Restore-L mission for NASA’s Goddard Space Flight Center, which will demonstrate the ability to extend the life of a satellite in Low Earth Orbit (LEO), and the Dragonfly program for NASA and DARPA, which will demonstrate on orbit satellite assembly.

About SSL
Space Systems Loral (SSL) is a leading provider of commercial satellites with broad expertise to support satellite operators and innovative space related missions. The company designs and manufactures spacecraft for services such as direct-to-home television, video content distribution, broadband internet, mobile communications, and Earth observation. As a Silicon Valley innovator for more than 50 years, SSL’s advanced product line also includes state-of-the-art small satellites, and sophisticated robotics and automation solutions for remote operations.  For more information, visit www.sslmda.com.

Forward-Looking Statements
This news release contains forward-looking statements and information, which reflect the current view of Space Systems Loral (SSL) with respect to future events and financial performance.  When used in this news release, the words “believes”, “expects”, “plans”, “may”, “will”, “would”, “could”, “should”, “anticipates”, “estimates”, “project”, “intend” or “outlook” or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; risks associated with satellite manufacturing, including competition, cyclicality of SSL’s end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of SSL’s factory and personnel; risk associated with financial factors such as volatility in exchange rates, increases in interest rates, restrictions on access to capital, and swings in global financial markets; risks associated with domestic and foreign government regulation, including export controls and economic sanctions; and other risks, including litigation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects SSL’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, SSL disclaims any obligation or undertaking to update or revise the information herein.

Media Contact:

SSL
Wendy Lewis
Director of Communications
Wendy.Lewis@sslmda.com
+1 (650) 852-5188