Boeing releases Ukrainian companies from $200 million in obligations
The government is counting on cooperation and development of the company's investments in Ukraine (Photo:Karen Ducey / Reuters)
U.S. aerospace company Boeing has released Ukrainian companies from $200 million worth of obligations under the multinational Sea Launch project, Ukraine's Prime Minister Denys Shmyhal tweeted on April 14.
"During a meeting with the U.S. business, Boeing announced that it is releasing Ukraine from a $200 million obligation related to the Sea Launch project. Thank you for the important decision in support of Ukraine," the Prime Minister wrote.
Ukraine expects further cooperation and investments, he added.
The Sea Launch project was founded in 1995 by Ukraine’s Pivdenne Design Office that specializes in satellites and rockets, Norway’s Kværner engineering and construction services company, Russia’s Engergia that manufacturs spacecraft and space station components, and the U.S. company Boeing.
Sea Launch performed equatorial launches from a mobile maritime launch platform.
By 2013, 31 rockets were assembled and launched within the project, with three complete and one partial failure. The Sea Launch project was mothballed in 2014, following Russia’s military intervention in Ukraine.
Before Russia’s full-scale invasion in 2022, Ukraine had planned to build its own launch site on the basis of a marine platform to perform commercial launches from the Atlantic or the Indian oceans, said Ukraine’s State Space Agency chief Volodymyr Taftay.
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