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Boeing is Suing RSC Energia and its Sea Launch Partners

By Marc Boucher
February 4, 2013
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Boeing is Suing RSC Energia and its Sea Launch Partners
File photo of EUTELSAT 70B launch.

Reuters is reporting that Boeing filed a lawsuit last Friday to recover $350 million from RSC Energia and its partners in Sea Launch for refusing to pay their share of loan guarantees after the joint-venture went bankrupt in 2009.
The news comes just days after the loss of Intelsat 27 which launched from the Sea Launch Odyssey platform last week. This was the first launch attempt by Sea launch after coming out of bankruptcy. The initial reason for the launch failure appears to have been a failed Ukrainian hydraulic pump.

From Reuters: “The lawsuit, filed in U.S. District Court in Los Angeles on Friday, targeted RSC Energia, a company partially owned by the Russian government, and two Ukrainian state-owned companies, PO Yuzhnoye Mashinostroitelny Zavod and KB Yuzhnoye.

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