Boeing wins case against Russian and Ukrainian Sea Launch partners

by | Oct 1, 2015 | commercial launch services, Russia, Seradata News | 0 comments

Boeing has won its case in a US District Court in California against its former partners in the Sea Launch operation, the Russian firm of RSC Energia, and the Ukrainian firm of Yuzhnoye, for the repayment of monies owed to it as part of the debts it incurred as Sea Launch fell into Chapter 11 bankruptcy protection.  The court made its decision on the basis of a lack of admissible evidence that Boeing gave its partners an assurance that they would not be liable for debts incurred, or that Boeing itself had caused failure of the firm in 2009.

The Sea Launch Company eventually emerged from Chapter 11 bankruptcy protection in 2010 in a restructured form with 95% of its shares now being held by RSC Energia. However, most operations of the firm are currently suspended.

The final damages sum are set to be awarded in November. Boeing is claiming US$356 million.

A fuller report is written by Peter De Selding in Space News: http://spacenews.com/boeing-wins-u-s-court-judgment-against-russian-ukrainian-sea-launch-partners/

About Seradata

Seradata produces the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9RoscosmosevaspacewalkDGAaviation weekInternational Space StationaresIGTBlue OriginsoyuzRocket LabBeidouawardsStarlinkspaceSatellite broadcastingAirbus DSrussiaboeingmoonOneWebISROCargo Return VehiclemarsblogresearchspaceshiptwojaxaorionmarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegaSESthales alenia spacetourismbarack obamaconstellationfiguresnorthspaceflightIntelsatnode 2fundedRaymond Lygo2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationaviationLucy2008wk2sstlukradiosuborbitaltestmissiledocking portexplorationAriane 5 ECAVirgin OrbitinternetLong March 2D/2sts-122ElectronSLSChina Manned Space EngineeringAriane 5Northrop Grummanmissile defensenewspapercotsgalileospace tourismflight2010Long March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttlescaled compositesIntelsat 23European Space AgencyLauncherOneCosmosnew yorkrulesAriane 6hanleybudgetatvVietnamshenzhoucongressMojaveboldennew shepardLong March 2CInmarsatOrbital ATKcnesiaclunar landerGuiana Space CenterkscApollolawsUS Air ForceSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AILSdarpaprotonTalulah RileyElectron KSFalcon 9v1.2 Block 5Vega CNorth KoreaeuAstriumSkylonpicturebaseusaastronautdragonlanderfiveeventTelesatSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor

Stay Informed with Seradata

Stay informed on the latest news, insights, and more from Seradata by signing up for our newsletter.