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Khrunichev Purchases Majority Interest in International Launch Services
McLean VA (SPX) Jun 11, 2008 ILS International Launch Services reports that Khrunichev State Research and Production Space Center acquired the shares of ILS owned by majority shareholder, Space Transport Inc. Financial details were not disclosed. Vladimir Nesterov, General Director of Khrunichev, said: "Building on our strong working relationship with the ILS team, this transaction will cement ILS's leadership role in the commercial launch services industry." Frank McKenna, ILS President, said: "We have an outstanding relationship with Khrunichev delivering commercial Proton launch services for our customers over the past 15 years. For ILS employees and customers, there will be no change in operations or management and we will continue our focus on performance. The completion of this transaction only strengthens the relationship with our launch partner, Khrunichev." ILS holds the exclusive worldwide rights to market and sell commercial launch services on the Proton launch vehicle, built by Khrunichev, as well as the Angara vehicle under development. ILS provides satellite customers with a complete array of services and support, from contract signing through on-orbit delivery. ILS will remain a U.S. company, incorporated in Delaware, and subject to U.S. regulations. ILS headquarters is in Northern Virginia, near Washington, D.C. Khrunichev is the Moscow-based research and design center of the Proton launch system and one of the world's largest aerospace companies. Khrunichev also is developing the next generation of launch systems, the Angara.
+ Backlog of 22 orders totaling nearly $2 billion Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links ILS International Launch Services Launch Pad at Space-Travel.com
GLAST Blast Off Delayed Until At Least June 11
Greenbelt MD (SPX) Jun 06, 2008NASA has set no earlier than June 11 as the new target launch date for the Gamma-ray Large Area Space Telescope, or GLAST, from Cape Canaveral Air Force Station in Florida. The launch window extends from 11:45 a.m. to 1:40 p.m. EDT. |
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