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LAUNCH PAD
Roscosmos Says Reports on Sea Launch Project Sale Might Be True
by Staff Writers
Moscow (Sputnik) Mar 31, 2016


File image.

Reports of the multinational Sea Launch spacecraft launch service being sold are "close to the truth," the head of Russia's space agency, Roscosmos, said Wednesday

The details of the deal could be announced by the end of April, according to Komarov.

"I can say that this is close to the truth, but I can't say who the investor is and the extent of the contract... The paperwork is currently being processed," Igor Komarov told reporters.

He added that investors from the United States, Europe and China had expressed interest in the Sea Launch project.

Sea Launch is a multinational spacecraft launch service created in 1995 for equatorial launches of commercial payloads from a mobile maritime launch platform.

Russia's Energia Overseas company owns 95 percent of the Sea Launch's shares, while the US Boeing and Norway's Aker Solutions have minority stakes in the company.

Source: Sputnik News

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