Space industry of Russia

Russia's space industry comprises more than 100 companies and employs 250,000 people. Most of the companies are descendants of Soviet design bureaux and state production companies. The industry entered a deep crisis following the dissolution of the Soviet Union, with its fullest effect occurring in the last years of the 1990s. Funding of the space program declined by 80% and the industry lost a large part of its work force before recovery began in the early 2000s. Many companies survived by creating joint-ventures with foreign firms and marketing their products abroad.

Space industry of Russia

Russia's space industry comprises more than 100 companies and employs 250,000 people. Most of the companies are descendants of Soviet design bureaux and state production companies. The industry entered a deep crisis following the dissolution of the Soviet Union, with its fullest effect occurring in the last years of the 1990s. Funding of the space program declined by 80% and the industry lost a large part of its work force before recovery began in the early 2000s. Many companies survived by creating joint-ventures with foreign firms and marketing their products abroad.