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After completing the purchase of Sea Launch in April, S7 Group now views expendable rockets as uncompetitive.
After steering Sea Launch into the hands of a new owner, chief executive Sergey Gugkaev will leave the company to look for a new role elsewhere in the space industry.
A Zenit rocket, flying for the first time in two years, successfully orbited Angola’s debut satellite Angosat-1 on Dec. 26.
Energia announced last September it was selling Sea Launch to the S7 Group, a Russian company whose holdings include an airline.
The company's chief executive said a final agreement to settle a suit should be signed soon.
Boeing and a Russian company it was once partners with on the Sea Launch joint venture are in discussions about a settlement to a long-running legal dispute, a deal that could involve cooperation on future projects.
A U.S. District Court has ruled in favor of Boeing and against its Russian and Ukrainian partners in the Sea Launch commercial-launch company, saying the partners breached their contract obligations by not reimbursing Boeing their share of Sea Launch expenses.
A U.S. District Court is expected to rule early this fall whether Boeing’s attempt to collect $356 million from its Russian and Ukrainian former partners in the Sea Launch commercial-launch company is an open-and-shut case of contract breach or something more complicated, as the defendants claim.
Sea Launch said it has begun a broad cost-cutting initiative to carry it through a gap in launches that the company hopes will end sometime in 2015 or 2016.
Nearly 16 months after a launch failure, Sea Launch, returned to flight and wants the commercial market to view it as back in business.
A Sea Launch-3SL rocket placed Eutelsat 3B into geostationary transfer orbit.
Boeing’s petition to a Swedish court to rule on Boeing’s attempt to collect $356 million in back bills from its former Russian and Ukrainian partners has been rejected.