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
|
|
Thursday, March 26
NASA’s Proposed Post-ISS Pivot Leaves Partners ‘Concerned and Confused’
Aviation Week — 5:48 am ET (0948 GMT) NASA shifts focus to moon missions as ISS retirement looms
WESH-TV Orlando — 5:47 am ET (0947 GMT) NASA SpaceX Crew-11 astronauts reflect on mission during Huntsville visit
WAAY-TV Huntsville, AL — 5:46 am ET (0946 GMT) NASA’s Moon-base plans mark a rethinking of its future
The Economist — 5:46 am ET (0946 GMT) NASA astronaut touts RIT-made camera mount for star photography
WHAM-TV Rochester, NY — 5:45 am ET (0945 GMT) |
