Despite recent setbacks, a reform of the Russian space agency will see a large output increase by 2020.
Russia's space endeavors have met with a slew of setbacks recently including a failed Mars probe and a botched telecoms satellite launch. To combat these errors, a new state program has been released detailing efforts to increase space industry development and obtain a 16-percent share in the space technology market by 2020.
The projects listed in the reform include the construction of Russia's new Angara launch vehicle, development of the Vostochny space port and improvements to the Glonass satellite navigation system. The overall price tag of the new program is thought to be as much as $69 billion with hopes for additional contributions from private investors in the not-too-distant future.
"An ongoing reform of Russia’s ailing space industry should double its output by 2020, according to a new state program published on Saturday."
View: Full article | Source: Rian.ru
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