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Exhibit 12


LORAL SPACE & COMMUNICATIONS LTD., A DEBTOR IN
POSSESSION


COMPUTATION OF DEFICIENCY OF EARNINGS TO COVER FIXED
CHARGES


|                                                                                                                    |                                           |                   |         |       |      |   |          |       | 
|------------------------------------------------------------------------------------------------------------------- | ----------------------------------------- | ----------------- | ------- | ----- | ---- | - | -------- | ----- | 
|                                                                                                                    |                                           | Nine Months Ended |        
|                                                                                                                    |                                           | September 30,     |        
|                                                                                                                    |                                           |                   |        
|                                                                                                                    |                                           | 2005              |         |       | 2004 |  
|                                                                                                                    |                                           |                   |         |       |      |  
|                                                                                                                    |                                           | (In thousands)    |        
|                                                                                                                    |                                           | (Unaudited)       |        
|Loss from continuing operations before income taxes, equity
    income (losses) in affiliates and minority interest |                                           | $                 | (65,570 | )     |      | $ | (157,187 | )    
|Plus fixed charges:                                                                                                 |                                           |                   |         |       |      |   |          |      
|                                                                                                                    | Interest expense                          |                   |         | 3,982 |      |   |          | 1,725 | 
|                                                                                                                    | Interest component of rent
    expense(1) |                   |         | 4,485 |      |   |          | 5,991 | 
|Less: capitalized interest                                                                                          |                                           |                   |        |       |      |   | (957     | )    
|                                                                                                                    |                                           |                   |         |       |      |  
|Earnings available to cover fixed charges                                                                           |                                           |                   | (57,103 | )     |      |   | (150,428 | )    
|Fixed charges                                                                                                       |                                           |                   | (8,467  | )     |      |   | (7,716   | )    
|                                                                                                                    |                                           |                   |         |       |      |  
|Deficiency of earnings to cover fixed charges                                                                       |                                           | $                 | (65,570 | )     |      | $ | (158,144 | )    
|                                                                                                                    |                                           |                   |         |       |      |  






|    |                                                                                                    
|--- | ---------------------------------------------------------------------------------------------------
|(1) | The interest component of rent expense is deemed to be
    approximately 25% of total rent expense.