The first stage of Orbital Sciences Corporation’s Antares rocket is shipped out from Yuzhnoye design bureau in Ukraine. (Credt: Yuzhnoye)
I was just looking at the website for Yuzhmash, which is Ukraine’s principle producer of launch vehicles. I ran across the following letter to employees published on Oct. 10. It includes this rather prediction:
“Pivdenmash [Yuzhmash] is in deep financial crisis, the main factor which is a precipitous decline in production. The current crisis is not irreversible, but the situation is close to the point of no return.
“The actual bankruptcy of the enterprise will result in the loss of Ukraine’s status as a space power, failure of the obligations of the State to enter into international agreements, irreversible loss of proven technologies.”
This was four months ago. And by all accounts, matters have only gotten worse. The fighting eastern Ukraine has intensified. The government’s finances haven’t improved. And employees were given two-month unpaid leaves in late January. That came after many months of 3-day work weeks and partial pay.