DNIPROPETROVSK, Ukraine (Yuzhmash PR) — On April 28 this year, the contract was signed between Yuzhmash and S7 Sea Launch Limited on the production and supply of Zenit-series launch vehicles.
In general, the contract provides for the production of 12 launch vehicles for use in the Sea Launch and Land Launch programs for the exploration and use of outer space for peaceful purposes in the framework of international space projects.
Now in production there are 2 rockets of modifications of Zenit-3SL and Zenit-3SLB.
The signing of this contract made a big step in overcoming the deep crisis in which Yuzhmash stayed since 2013 and which resulted from a massive decline in production volumes.
Persistent three-year work of the company’s specialists brought results. Today Yuzhmash portfolio of orders for the next few years more than 350 mln. US dollars.
Yuzhmash expresses its deep gratitude to the legislative and executive branches of power for providing the unprecedented, as for our enterprise, regulatory and financial support. Without this support, it was impossible to resume production and overcome the crisis.
Yuzhmash’s withdrawal into stable operation regime will create the appropriate conditions for the corporatization of the enterprise and the search for a strategic investor. The implementation of these measures, in turn, is a prerequisite for achieving the main medium-term goal of Yuzhmash, which is to ensure the full involvement of the enterprise in international cooperation in the production of rocket and space technology.