Third Quarter 2009 Earnings November 10, 2009

This presentation may contain “Forward-Looking Statements”.  All statements other than statements of historical facts made in this presentation regarding the prospects of our industry and our prospects, plans, financial position and business strategy may constitute forward-looking statements.  We can give no assurance that these expectations will prove to be correct.  Factors and risks that could cause actual results to differ materially from our expectations are described in the most recent SkyTerra Forms 10-Q and 10-K, on file with the SEC.

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SkyTerra Consolidated Income Statement

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SkyTerra Consolidated Balance Sheet

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SkyTerra Capital Structure ⁽¹⁾

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SkyTerra Ownership

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NextGen System Costs ($ in mm’s)

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