December 31, 2009 (FinancialWire) — Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL) and the world’s provider of high-power commercial satellites, said it was selected to provide a new direct broadcast satellite, EchoStar XVI, to a subsidiary of EchoStar Corp. (NASDAQ: SATS).

EchoStar XVI is the seventh satellite contract awarded to SS/L in 2009. It is planned for launch in 2012.

The space-proven SS/L 1300 satellite bus, used by EchoStar XVI, provides the flexibility for a broad range of applications. SS/L currently has 59 satellites on orbit and has amassed more than 1,600 years of reliable on-orbit service.

EchoStar Corp. (NASDAQ: SATS) provides equipment sales, digital broadcast operations, and satellite services that enhance digital TV lifestyle, including products from Sling Media, Inc., a wholly owned subsidiary.

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). Recently issued reports and filings include Weatherford International Ltd. (NYSE: WFT), UQM Technologies, Inc. (AMEX: UQM), Panhandle Oil and Gas, Inc. (NYSE: PHX), Encore acquisition Company (NYSE: EAC), Altius Minerals Corp. (TSX: ALS), PKC Group Oyj (PLUS: PKC1V) and Standard Life Investments European Private Equity Trust PLC (LSE: SEP) (PLUS: SEP).

FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/). Recently webcast company presentations, financial results & earnings calls now available include Rick’s Cabaret International, Inc. (NASDAQ: RICK) and Applied Signal Technology, Inc. (NASDAQ: APSG). Recordings are accessible via the search function at http://infoescrow.net/f/?u=http://www.investorcalendar.com by entering any company’s ticker symbol into the search field.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.