Khrunichev Purchases Majority Interest in ILS

ILS to remain U.S.-based corporation marketing commercial launches of the Proton vehicle

(McLean, Va., May 29, 2008) -- ILS International Launch Services Inc., a world leader in launch services for commercial satellites, announced today that Khrunichev State Research and Production Space Center acquired the shares of ILS owned by majority shareholder, Space Transport Inc. Financial details were not disclosed. The transaction was completed today.

Vladimir Nesterov, General Director of Khrunichev, said: "Building on our strong working relationship with the ILS team, this transaction will cement ILS's leadership role in the commercial launch services industry."

Frank McKenna, ILS President, said: "We have an outstanding relationship with Khrunichev delivering commercial Proton launch services for our customers over the past 15 years. For ILS employees and customers, there will be no change in operations or management and we will continue our focus on performance. The completion of this transaction only strengthens the relationship with our launch partner, Khrunichev."

Source : International Launch Services

Recent News from International Launch Services

• Inmarsat Selects ILS Proton to Launch S-Band Satellite for Europe [Space] [ Mon 25 Aug 2008 ]
• ILS Proton Successfully Launches Inmarsat-4 F3 Satellite [Space] [ Tue 19 Aug 2008 ]
• ILS Set August 14 for Proton Flight with Inmarsat Satellite [Space] [ Tue 1 Jul 2008 ]
• Proton K Sends Federal Communications Satellite Into Orbit [Space] [Defence] [ Mon 30 Jun 2008 ]
• Proton Breeze M Cleared for Return to Flight [Space] [ Tue 17 Jun 2008 ]
• Khrunichev Purchases Majority Interest in ILS [Space] [ Fri 30 May 2008 ]
• Khrunichev, ILS Announce Quality Initiative [Space] [ Fri 25 Apr 2008 ]