United Rocket and Space Corporation (ORKK)

In November 2013, Russian President Vladimir Putin signed a decree on the creation of United Rocket and Space Corporation OJSC/ORKK/on the basis of the Space Instrumentation Research Institute^[1]

In accordance with the text of the decree, a number of federal state unitary enterprises in the space industry are transformed into open joint-stock companies, 100% of whose shares are federally owned, followed by a 100% stake minus one share of each of them as a contribution of the Russian Federation to the authorized capital of ORKK OJSC.

Among these enterprises there are a State Research and Production Space Center of Khrunichev, Scientific and production association of Lavochkin, the Research and production center of automatic equipment and instrument making of a name of the academician Pilyugin, Research institute of mechanical engineering in. Lower Salda of Sverdlovsk region, Arsenal design office of the name Frunze, Moscow experimental design bureau Mars, Research institute of microdevices, Fakel experimental design bureau and Geofizika scientific and production association.

OJSC United Rocket and Space Corporation, a Russian corporation engaged in the development, production and repair of rocket and space technology, began to be formed in 2014 as part of a comprehensive reform of the Russian rocket and space industry. Created on the basis of OJSC "Research Institute of Space Instrumentation," the Corporation will continue to include 10 integrated structures, as well as 14 independent organizations of the rocket and space industry. 100% of ORKK shares are federally owned.

History

2013: Roscosmos should distribute 30 billion rubles before the New Year

The Federal Space Agency (Roscosmos) should distribute about 30 billion rubles by December 31. This was reported by the newspaper Kommersant. In total, 170 billion rubles were allocated for the development of the space industry as part of the 2013 budget.

According to a senior source in the space department, the figure of 30 billion was made up of non-concluded contracts, non-accepted works and advances for 2013 not paid to enterprises in the rocket and space industry.

"If this year's funds are not repurposed until the end, the entire amount of unused funds will fall on the 2014 budget. The remaining money of this year will simply burn, "the source said. "The option of allocating to industry enterprises the maximum number of advances that will be issued as receivables is being considered," the publication notes.

Notes