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Russia set to occupy 15% of world's space services

RIA Novosti

20:40 19/07/2010

KOROLYOV (Moscow region), July 19 (RIA Novosti) - Russia plans to occupy at least 15% of the world's space services under the national aerospace industry's development strategy for 2015, Russia's top space official said on Monday.

"At the moment the output has been growing annually, growth rate exceeds that of both the industry as a whole and the military industrial complex," the head of Russia's Federal Space Agency Roscosmos, Anatoly Perminov, said.

He also said the Russian Federal Space Program as well as the Global Navigation System (GLONASS) Special Federal Program are provided with all the necessary resources and financing.

Perminov said there were not any space industry enterprises that went bankrupt or had some late salary payments since all of them [18 companies] received state support to tackle the consequences of the global downturn.

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