Russia is planning a new $14bn space centre in the Far Eastern Amur Region.
RKK Energia head Vitaly Lopota, quoted by Ria Novosti, said that Russia only had 0.5% of the market, but when the Vostochny space centre is built, it would have at least 10% of the market.
The centre would enable Russia to launch manned spacecraft independently without having to lease launch facilities in other nations such as the Baikonur spacedrome in Kazakhstan.
Russia aims to preserve its status as a space power and boost its defence capability.
Vostochny expects to launch its first satellite in 2015 and first piloted spacecraft in 2018.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
