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Russia May Merge Ten Satellite Manufacturers
Moscow (SPX) Jul 20, 2005 Russian state-owned satellite manufacturers may soon be amalgamated into a unified corporation, a spokesman for a leading satellite manufacturer has told RIA Novosti. The spokesman for the Zheleznogorsk-based company, Reshetnikov Applied Mechanics, which designs and manufacturers about 70% of Russia's communications satellites, said his company would most likely be heading the new corporation. He said that Anatoli Perminov, the president of the Federal Space Agency, had submitted plans for the merger to the government's defense industry commission last week and that the commission had endorsed them at its July 15 session, chaired by Prime Minister Mikhail Fradkov. The Reshetnikov Applied Mechanics representative said the new entity would bring together ten Russian government-owned companies based in Moscow, Tomsk, Omsk, Rostov-on-Don, and Zheleznogorsk. Each company would become a subsidiary of the new corporation while retaining its independent legal status. The government has so far made no official comment on the merger plans. According to the RIA Novosti report a Cabinet source said he had no information on the creation of such a corporation. Community Email This Article Comment On This Article Related Links SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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