Reference
Drafted by the Federal Space Agency, the document is aimed at the unconditional implementation of Executive Order of the President of the Russian Federation No 874 of 2 December 2013 “On the System of Governance for the Space Rocket Industry” (hereinafter referred to as the Executive Order).
The resolution provides for consolidating the main developers and producers of space rocket equipment as part of the planned 100% federally owned United Space Rocket Corporation open joint stock company (hereinafter referred to as the USRC).
The USRC will handle the assets of 10 integrated companies that include 48 organisations and 14 independent enterprises.
The resolution provides for converting nine federal state unitary enterprises (state enterprises) into 100% federally owned open joint stock companies. The Russian Federation shall subsequently contribute 100% of the stock minus one share of each of the state enterprises to the USRC’s authorised share capital as payment for additional shares floated by this joint stock company following the expansion of its authorised capital.
The USRC will create the necessary conditions for the assured implementation of the state weapon programme and the federal programmes in the area of space activity and the state defence order with regard to the development and production of space rocket equipment and modernisation of the ground space-related infrastructure, as well as the reconstruction and technological retooling of the organisations of the space rocket industry.