S7 Group to acquire Sea Launch marking entry into space industry

S7 Group has signed an agreement with Sea Launch Group to acquire the assets of the Sea Launch complex, the company said.

The acquisition by S7 Group will include the Sea Launch Commander vessel, the Odyssey launch platform, with the launch support equipment; ground support equipment at the home port facility in Long Beach, California and the Sea Launch trademark.

The company said it expects the deal to close within six months. The transaction is subject to approvals from the Directorate of Defense Trade Controls (DDTC) and the Committee on Foreign Investment in the United States (CFIUS).

S7 Group signed a cooperation agreement with RSC Energia to continue joint efforts to resume the operation of the Sea Launch complex. RSC Energia will provide S7 Group with all required engineering support and assistance in preparing launches and in system integration.

S7 Group is a private aviation holding company in Russia comprised of air transportation and maintenance companies, specifically, S7 Airlines, with a fleet of 66 modern aircraft (21 Boeing and 45 Airbus). S7 Airlines has air transport hubs in Moscow (Domodedovo) and Novosibirsk (Tolmachevo), and serves 145 routes in 27 countries across CIS, Europe, Middle East, South-East Asia and Asia-Pacific region.

RSC Energia is a company in the rocket and space industry, and the prime contractor for manned space systems. The corporation conducts work on the development of unmanned space and rocket systems (launch vehicles and orbital transfer vehicles) and high-technology systems for various non-space applications.

Sea Launch is a floating facility to launch rockets into outer space, and the international consortium of the same name operating this space launch center. The complex was established to provide launch services to deliver various spacecraft to near-earth orbit using a mobile ocean-based launch platform. The launch site is in the equatorial Pacific.