<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>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<CASH>                                             277
<SECURITIES>                                         0
<RECEIVABLES>                                      941
<ALLOWANCES>                                         0
<INVENTORY>                                        429
<CURRENT-ASSETS>                                 2,150
<PP&E>                                           2,080
<DEPRECIATION>                                     890
<TOTAL-ASSETS>                                   5,983
<CURRENT-LIABILITIES>                            1,570
<BONDS>                                          1,857
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                       1,769
<TOTAL-LIABILITY-AND-EQUITY>                     5,983
<SALES>                                          6,123
<TOTAL-REVENUES>                                 6,123
<CGS>                                            5,386
<TOTAL-COSTS>                                    5,386
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 142
<INCOME-PRETAX>                                    600
<INCOME-TAX>                                       216
<INCOME-CONTINUING>                                384
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       384
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0