Loral Space & Communications (LORL) agrees to sell its satellite manufacturing unit Space...

|About: Loral Space and Communica... (LORL)|By:, SA News Editor

Loral Space & Communications (LORL) agrees to sell its satellite manufacturing unit Space Systems/Loral (SS/L) to Canada's MacDonald, Dettwiler & Associates for $875M. Loral also expects to receive dividends and other payments from SS/L of over $135M. The company will look to use the proceeds to return cash to shareholders. (PR)