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
|
|
Friday, August 14
Intuitive Machines Reports Second Quarter 2026 Financial Results; Continues Record Backlog Expansion With Quarter-end Backlog of $1.8 Billion
GlobeNewswire — 6:07 am ET (1007 GMT) Intuitive Machines Lunar Communication Satellite Launch Plans Change
Aviation Week — 6:06 am ET (1006 GMT) Firefly Aerospace Awarded Contract to Design Elytra Deorbit System for Defense Innovation Unit
Firefly Aerospace — 6:05 am ET (1005 GMT) Cruise control: the team guiding Hera to its asteroid
ESA — 6:05 am ET (1005 GMT) SpaceX plans another multimillion-dollar expansion in Bastrop
Austin (TX) American-Statesman — 6:03 am ET (1003 GMT) |
