Exhibit (a)(24)


REMINDER

The Loral Stock Option Exchange Program expires at 11:59 p.m. (New York City
time) on Thursday, March 6, 2003. If you wish to participate, please submit your
Letter of Transmittal and Schedule A to Patricia Rodenburg as previously
instructed. If you do not wish to participate you do not have to complete any
forms or otherwise notify us. Participation in the program is voluntary.

If you have any questions about the Stock Option Exchange Program, please
contact Jeanette Clonan or John McCarthy at Loral's communications department:
212/338-5670.