<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF LORAL SPACE & COMMUNICATIONS LTD. FOR THE QUARTER ENDED
MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                         565,485
<SECURITIES>                                         0
<RECEIVABLES>                                  423,754
<ALLOWANCES>                                     2,626
<INVENTORY>                                    182,986
<CURRENT-ASSETS>                             1,249,946
<PP&E>                                       2,013,122
<DEPRECIATION>                                 219,798
<TOTAL-ASSETS>                               5,512,972
<CURRENT-LIABILITIES>                          474,959
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    736,320
<COMMON>                                         2,441
<OTHER-SE>                                   2,136,135
<TOTAL-LIABILITY-AND-EQUITY>                 5,512,972
<SALES>                                        247,830
<TOTAL-REVENUES>                               305,926
<CGS>                                          215,299
<TOTAL-COSTS>                                  260,251
<OTHER-EXPENSES>                                     0  
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              17,839
<INCOME-PRETAX>                                 (4,201)
<INCOME-TAX>                                     2,397    
<INCOME-CONTINUING>                            (50,108)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (50,108)      
<EPS-PRIMARY>                                    (0.17)
<EPS-DILUTED>                                    (0.17)