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Russian space agency set to unite rocket and missile engine manufacturers in one holding

April 28, 2015, 8:40 UTC+3 MOSCOW
The holding is likely to encompass eight R&D enterprises
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© ITAR-TASS/Sergey Kazak

MOSCOW, April 28. /TASS/. Russia’s federal space agency Roscosmos is drafting proposals on a unique holding company that will embrace the manufacturers of engines for rockets and missiles, Izvestia daily writes in the Tuesday edition.

"It’s true that the consideration of options for setting up a rocket and missile engine-building company is underway and this holding will be subordinate to the United Rocket & Space Corporation (URSC)," the newspaper quotes the corporation’s deputy director for production development, Igor Arbuzov.

"The results should be submitted to the director of Roscosmos, Igor Komarov, and the URSC Director General Yuri Vlasov by June 1, 2015," he said.

Consolidation of enterprises of the rocket and missile engineering industry into larger holding companies began in 2010 when Roscosmos proposed to redistribute all the enterprises and research organizations in the industry into six enlarged entities.

Under the plan, one super-corporation was to design and manufacture satellites of all types, the second would produce launch vehicles, and the third would be responsible for manned spacecraft and orbital stations.

Since that time, the idea and the concept have been subjected to several modifications but the main guideline remains unchanged. For instance, a holding company responsible for all the aspects of instrument engineering is being formed around the Rossiyskiye Kosmicheskiye Sistemy (Russian Space Systems) corporation.

The holding is likely to encompass eight R&D enterprises.

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