SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



                Date of Report (Date of earliest event reported):
                                  June 24, 2004
                                  -------------


                                LORAL ORION, INC.
                                -----------------
             (Exact name of registrant as specified in its charter)

        Delaware                  0-22085               52-2008654
        -----------------------------------------------------------
        (State or other         (Commission             (IRS Employer
        jurisdiction of         File Number)            Identification
        incorporation)                                      Number)


             500 Hills Drive, Bedminster, New Jersey        07921
        -----------------------------------------------------------
               (Address of principal executive offices)   (Zip Code)


               Registrant's telephone number, including area code:
                                 (908) 470-2300
        -----------------------------------------------------------






Item 9. Regulation FD Disclosure

     On June 24,  2004,  Loral  Space &  Communications  Ltd.  filed its monthly
consolidated  operating  report for the period of April 24, 2004 through May 21,
2004 (the "Operating  Report") with the U.S.  Bankruptcy  Court for the Southern
District of New York (the "Bankruptcy Court"). Certain information pertaining to
Loral Orion, Inc. (the "Company") is contained in the schedules to the Operating
Report.  Copies of the  Operating  Report may be  obtained  from the  Bankruptcy
Court's website located at http://www.nysb.uscourts.gov.

     Limitation on Incorporation by Reference

     In accordance with General  Instruction B.2 of Form 8-K, the information in
this  Item 9 shall not be deemed  "filed"  for  purposes  of  Section  18 of the
Securities  Exchange Act of 1934, as amended (the "Exchange  Act"), or otherwise
subject to the liabilities of that section, nor shall such information be deemed
incorporated  by reference in any filing under the  Securities  Act of 1933,  as
amended,  except as shall be expressly set forth by specific reference in such a
filing. The information set forth in this Item 9 will not be deemed an admission
as to the  materiality  of any  information  required to be disclosed  solely to
satisfy the requirements of Regulation FD.

     Cautionary Statement Regarding Financial and Operating Data

     The Operating  Report  contains  financial  statements and other  financial
information  (including the information pertaining to the Company) that have not
been audited or reviewed by independent accountants and may be subject to future
reconciliation  and adjustments.  The Operating Report is in a format prescribed
by applicable  bankruptcy  laws and should not be used for investment  purposes.
The Operating  Report  contains  information  for periods  different  from those
required  in the  Company's  reports  pursuant  to the  Exchange  Act,  and that
information  might not be  indicative of the  Company's  financial  condition or
operating  results  for the period  that  would be  reflected  in the  Company's
financial statements or in its reports pursuant to the Exchange Act. Information
set forth in the Operating Report pertaining to the Company should not be viewed
as indicative of future results.


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                                   SIGNATURES


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                              Loral Orion, Inc.

                              By:  /s/ Janet Yeung
                                   ---------------
                              Name:   Janet Yeung
                              Title:  Vice President and Assistant Secretary




Date:  June 24, 2004


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