ILS reduces staff, expects decline in launches
Posted: Tue, Aug 5, 2014, 9:20 AM ET (1320 GMT)
International Launch Services (ILS), the US-based company that markets Russia's Proton rocket, said Monday it was laying off a quarter of its workforce as it expects to reduce the number of commercial launches it performs. Company president Phil Slack said the layoffs were designed to "align better with our current level of business," which the company expects to be lower than in the recent past. ILS said that while it has conducted 7-8 commercial launches a year previously, it now expects to carry out only 3-4 such launches a year. Recent failures of the Proton on Russian government launches, as well as geopolitical tensions involving Russia, have hampered commercial sales of Proton launches.
International Launch Services (ILS), the US-based company that markets Russia's Proton rocket, said Monday it was laying off a quarter of its workforce as it expects to reduce the number of commercial launches it performs. Company president Phil Slack said the layoffs were designed to "align better with our current level of business," which the company expects to be lower than in the recent past. ILS said that while it has conducted 7-8 commercial launches a year previously, it now expects to carry out only 3-4 such launches a year. Recent failures of the Proton on Russian government launches, as well as geopolitical tensions involving Russia, have hampered commercial sales of Proton launches.| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Tuesday, March 31
Europe's engines powering Artemis II
ESA — 6:42 am ET (1042 GMT) Eight more satellites added to IRIDE space programme
ESA — 6:42 am ET (1042 GMT) Seven missions launched to test optimised data transfer from space
ESA — 6:42 am ET (1042 GMT) ESA marks 60 years of Star Trek at London's Science Museum
ESA — 6:42 am ET (1042 GMT) Vandenberg SFB supports National Geospatial-Intelligence Agency Transporter-16 mission
US Space Force — 6:39 am ET (1039 GMT) |
