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Medvedev signs decree creating united aerospace corporation

February 03, 2014, 16:13 UTC+3 GORKI
Prime Minister noted that the united aerospace corporation would receive assets of ten integrated structures, including 48 different organizations and 14 companies
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Russia's Prime Minister Dmitry Medvedev

Russia's Prime Minister Dmitry Medvedev

© ITAR-TASS/Yekaterina Shtukina

GORKI, February 03. /ITAR-TASS/. Russia’s Prime Minister Dmitry Medvedev signed a government resolution creating a united aerospace corporation on Monday.

“I have signed a government resolution over management of the space industry,” the prime minister said at a meeting with the deputy prime ministers. “It should consolidate major developers and producers of the just-created united aerospace corporation,” the prime minister said.

Medvedev noted that the united aerospace corporation would receive assets of ten integrated structures, including 48 different organizations and 14 companies.

He added that he had signed the resolution, fulfilling the presidential decree.

The prime minister recalled that the corporation was fully in possession of the state.

“The space industry needs sweeping changes to meet the needs of our armed forces and domestic space programs with specific types of space hardware,” Medvedev said, noting the need for development of ground infrastructure, spaceports in the industry.

“I hope that optimization that stems from the presidential decree and the government resolution will provide necessary conditions for development of the space industry,” he said.

For his part, Deputy Prime Minister Dmitry Rogozin noted that consolidation of enterprises in the united aerospace corporation will take about two years. Medvedev called for accelerating the process.

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