New president named to lead Space Systems/Loral
LORAL NEWS RELEASE
Posted: November 23, 2001

C. Patrick DeWitt has been named president of Space Systems/Loral and vice president of Loral Space & Communications, succeeding John M. Klineberg who is retiring from the company.

Mr. DeWitt, 55, has held management positions with SS/L and its predecessor companies since 1973. He has served since 1996 as SS/L's executive vice president and since 1999 has been a member of the office of the president. Mr. DeWitt earned his degree in business administration from San Jose State University.

John Klineberg, 63, joined Loral in 1995 and will continue his association with the company as a member of the SS/L board of directors. Prior to becoming SS/L's president in 1999, he was assigned to the Globalstar project where he oversaw the successful development, production and deployment in orbit of the Globalstar satellite constellation. Dr. Klineberg spent the prior 25 years with NASA in a variety of senior management and technical positions including leadership of the Goddard Space Flight Center and NASA's Lewis Research Center.

"John Klineberg has had a stellar career in the space industry and at Loral," stated Bernard L. Schwartz, Loral's chairman and chief executive officer. "His leading role at Globalstar resulted in a huge technical and managerial achievement. And, under his leadership at SS/L we have made significant technical gains and have adopted practices that will serve Loral well as the communications industry continues to grow. We are very pleased that John has agreed to continue his association with Loral by serving on SS/L's board of directors."

"Pat DeWitt has worked closely with John, especially over the last two years as a member of the office of the president," Mr. Schwartz noted. "Pat's long tenure with the company has afforded him the opportunity not only to oversee the finance and business side of SS/L, but also to work closely with customers and assist in the continuous integration of new technologies. He is well-equipped to lead this important core business of Loral's."

Space Systems/Loral is one of the world's premier designers, manufacturers, and integrators of powerful satellites and satellite systems. SS/L also provides a range of related services, including mission control operations and procurement of launch services. Based in Palo Alto, California, the company has an international base of commercial and governmental customers whose applications include broadcast video distribution, broadband digital communications, direct-to-home broadcast, environmental monitoring and air traffic control. SS/L is ISO 9001 certified.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate data networks, broadband data transmission, content and Internet services.