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Glavkosmos CEO congratulated the company's team on its 35th anniversary

May 23, 2020

MOSCOW, May 23. – Glavkosmos (part of the State Space Corporation Roscosmos) celebrates this Saturday the 35th anniversary of its foundation. The company's CEO Dmitry Loskutov congratulated the organization's employees and summed up some of the results of the company’s work.

"As the head of the company, I am proud that our specialists quickly mobilized and switched to remote work in the face of the pandemic. It is their high self-discipline, responsibility and commitment that predetermined the effectiveness of seamless work in the face of new challenges - this can be called an important gift for the birthday of Glavkosmos,"he said. "Now with all due precautions, we are gradually returning to regular work".

Dmitry Loskutov noted that currently Glavkosmos has both the existing contracts and a healthy backlog for further cooperation with partners from Europe, Asia, North and South America, the Middle East, and Africa. He expressed confidence that this backlog "will be transformed into existing agreements and contracts in the near future".

"Glavkosmos financial indicators give us another reason to be really proud of the results of our work,"  Loskutov said. "The company's revenue in 2019 increased by 62.2% compared to the same indicator in 2018 and amounted to almost 14 billion rubles. The company's CEO also pointed out that "at the end of 2019, Glavkosmos net profit, which is one of the company's key performance indicators, amounted to 416.1 million rubles, which is 39.9% higher than this indicator for 2018."

"All this is the result of our joint work, achieved by the knowledge, professionalism and experience of each employee of the company. There is a tradition to wish new achievements for one’s birthday, so having this in mind in such a difficult year 2020, I would like to wish all of us new interesting projects, positive economic achievements, bold and ambitious tasks, good health and energy for new triumphs," he said in conclusion.

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May 23 is the official birthday of Glavkosmos, JSC

The Central Committee of the Communist Party of the Soviet Union and the Council of Ministers of the USSR issued a special decree on February 6, 1985. The document, among other things, determined the establishment of a special organization, which would regulate the development of space technology in the interests of the national economy and scientific research by means of international cooperation.

To implement this resolution, on February 26, 1985, by the order of Oleg Baklanov, Minister of General Machine Building of the USSR, the task of creating such an organization was set. On May 23, 1985, Baklanov signed that order to create Glavkosmos of the USSR, and this date became the official birthday of the organization.

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Glavkosmos, JSC is a subsidiary of the State Space Corporation Roscosmos. The main task of the company is to promote the achievements of the Russian rocket and space industry to world markets and manage complex international projects. During its thirty-five year history, the company has successfully fulfilled over 120 international contracts, including the launch of more than 140 spacecraft as a secondary payload.

ROSCOSMOS is a State Corporation established in August 2015 to carry out a comprehensive reform of the Russian rocket and space industry. ROSCOSMOS ensures the implementation of the state policy in space activities and its normative and legal regulations, as well as places orders for the design, production and supply of space equipment and space infrastructure. Its functions also include the development of international space cooperation, as well as the establishing of environment for application of space domain achievements for the social and economic development in Russia.