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Yuzhmash expects to receive $8.2 million from Russia for satellite launch

The money is required to complete the component assembly, as well as to ship it to Baikonur Cosmodrome for launch
11:49, 17 January 2018

Open source

Ukrainian state enterprise Yuzhmash expects to receive $8.245 billion from Russia, which are supposed to fund the final stage of construction of the Zenit-2SLБ rocket, which is required to launch the Lybid’ satellite. The enterprise’s official website has informed, 112.ua reports.

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“The agreement was signed back in 2011. One Zenit 2SLБ was ordered by Russia’s Center for the use of land-based infrastructure”. In order to fulfill this agreement, Yuzhmash expects to receive $8.245 billion, which would allow to finish assembling the item, as well as to deliver it to Baikonur Cosmodrome for launch.

Related: Yuzhmash denies NYT allegations on delivering equipment to North Korea

The agreement on manufacturing of Lybid satellite was signed in December 2009 between the State Space Agency of Ukraine and the Canadian company MacDonald, Dettwiler and Associates, Ltd. The contract price amounted to $254 million.

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It was expected that the Zenit-3SLB with the Ukrainian satellite would launch from Baikonur Cosmodrome back in 2011. The item is currently stored at the Reshetnev Information Satellite Systems in Russia. In July 2016 the company’s CEO Nikolay Testoedov announced that the warranted term of storage is due to expire soon.

Related: Ukraine, Canada to cooperate in aerospace sphere

Yuzhmash manufactures Zenit launch vehicles. Pivdenne construction bureau and Yuzhmash earlier cooperated on the engine for the fourth stage of the Vega rocket, which has successfully launched from Kourou Cosmodrome in French Guiana.

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