Russia Announces Plan For Space Program

0 Shares

MOSCOW (UPI) — Russia’s Federal Space Agency Saturday outlined a plan to double the output of the industry by 2020 by attracting private investment.

The agency said combined public and private investment in research and development would come to $69 billion, RIA Novosti reported. Almost all current funding comes from the government.

The government approved the program in December.

The top three priorities are commercial exploitation of space, scientific research and manned flights.

The country’s space program has been troubled in recent years. In December, a telecommunications satellite’s launch was mishandled, reducing the fuel supply and cutting its time in orbit.

Deputy Prime Minister Dmitry Rogozin, who is in charge of the space program, announced a restructuring late last year. Instead of dozens of agencies, the plan calls for a small number of public enterprises.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.