Bernard L. Schwartz, Visionary Defense Executive and Philanthropist, Passes Away at 98

Schwartz, known for transforming Loral into a major defense contractor and for his significant political and charitable contributions, died at his Manhattan home.

• Bernard L. Schwartz, who played a pivotal role in growing Loral Corp. into a leading defense contractor, has died at the age of 98.
• Schwartz was a prominent figure in both the defense industry and political circles, maintaining close ties with the Clintons and other Democratic leaders.
• Despite his success, Schwartz was critical of the increasing role of money in politics and advocated for more support for struggling Americans.
• Throughout his career, Schwartz was recognized for his unique approach to business and leadership, favoring innovation and integrity over conventional methods.
• In addition to his business and political endeavors, Schwartz was a generous philanthropist, supporting a wide range of educational, medical, and cultural institutions.

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