Five holdings to appear in Russian space rocket industry - deputy premier

The Russian Federal Space Agency (Roscosmos) has formulated suggestions aimed at restructuring the space rocket industry, including the establishment of five or so holdings, Deputy Prime Minister Dmitry Rogozin told journalists on Monday.

"A roadmap behind this reorganization has been drawn up," he said. "Its goals will be to improve quality and bridge the technological gap. Concrete decisions will be adopted in the near future. There will be approximately five holdings." he said.

Roscosmos Director Vladimir Popovkin, for his part, said that these proposals would be submitted to the government this week.

"These initiatives will pass through the filters of departments and independent examinations," Rogozin said. "The whole nation is acting emotionally over the successes and failures of the space exploration industry. Our great people are interested in things that determine the status of their great power."

The planned reforms will help "improve management in the industry, Rogozin said.

"We have made corrections," he added. "The main goal is to enhance reliability. In comparison with six accidents in 2011, in 2012 there were just one accident and one malfunction."

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