<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information for "Loral Corporation and
Subsidiaries--Retained Business" extracted from the consolidated balance sheet
and consolidated statement of earnings and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<MULTIPLIER>   1,000,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          MAR-31-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                             227
<SECURITIES>                                         0
<RECEIVABLES>                                      996
<ALLOWANCES>                                         0
<INVENTORY>                                        380
<CURRENT-ASSETS>                                 1,899
<PP&E>                                           2,152
<DEPRECIATION>                                     865
<TOTAL-ASSETS>                                   5,581
<CURRENT-LIABILITIES>                            1,197
<BONDS>                                          1,869
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                       1,716
<TOTAL-LIABILITY-AND-EQUITY>                     5,581
<SALES>                                          4,720
<TOTAL-REVENUES>                                 4,720
<CGS>                                            4,217
<TOTAL-COSTS>                                    4,217
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  95
<INCOME-PRETAX>                                    416
<INCOME-TAX>                                       158
<INCOME-CONTINUING>                                258
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       258
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0