Gazprom Space Systems Achieve Key Milestones

Russia-based satellite operator Gazprom Space Systems (GSS) announced last month financial results for the fiscal year 2009. GSS reported US$ 71.8 million in revenues, 4 percent more in national currency than the previous year despite their satellites reaching full capacity two years ago. 2009 was the 10th anniversary of the launch of its first satellite-Yamal-100, which has been retired from service this summer. With increasing demand for its services, GSS have firmed up its expansion plans with three new satellites to be launched in the next three years. The aim, according to GSS’ Deputy Director-General Igor Kot, is to provide coverage to the entire Eastern Hemisphere and implement a wide variety of services.