<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF LORAL SPACE & COMMUNICATIONS LTD. FOR THE NINE MONTHS
ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                         265,644
<SECURITIES>                                         0
<RECEIVABLES>                                  487,788
<ALLOWANCES>                                     3,837
<INVENTORY>                                    181,314
<CURRENT-ASSETS>                             1,179,656
<PP&E>                                       2,212,891
<DEPRECIATION>                               (282,345)
<TOTAL-ASSETS>                               5,734,886
<CURRENT-LIABILITIES>                          693,521
<BONDS>                                      1,986,818
<PREFERRED-MANDATORY>                              459
<PREFERRED>                                    736,704
<COMMON>                                         2,448
<OTHER-SE>                                   2,072,249
<TOTAL-LIABILITY-AND-EQUITY>                 5,734,886
<SALES>                                      1,031,515
<TOTAL-REVENUES>                             1,031,515
<CGS>                                          886,641
<TOTAL-COSTS>                                1,039,207
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              67,184
<INCOME-PRETAX>                               (15,651)
<INCOME-TAX>                                  (27,878)
<INCOME-CONTINUING>                           (89,033)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (123,852)
<EPS-BASIC>                                     (0.43)
<EPS-DILUTED>                                   (0.43)