Russia's state-run human spaceflight company may be near bankruptcy
14 days ago
- #Financial Crisis
- #Space Industry
- #Russia
- Russia's main spacecraft manufacturer, RSC Energia, is in a 'critical' condition with multi-million dollar debts and ineffective processes.
- Igor Maltsev, chief of RSC Energia, warns of difficulty paying wages and delivering contracted spacecraft.
- Energia manufactures Soyuz crew spacecraft, Progress cargo vehicles, and modules for Russia's next-generation space station.
- Maltsev calls for decisive action and honesty from employees about their readiness to contribute to the company's survival.