June 10, 2015 at 14:44How will the sanctions affect the income of the GLONASS producer
Over the past 58 years, about 4 thousand satellites have been launched into space. A quarter of them were made in the suburbs of Krasnoyarsk at the enterprise “Information-satellite systems named after Academician M.F. Reshetneva "( ISS ). Two-thirds of Russia's orbital constellation (satellites, GLONASS devices ) were designed in the small closed city of Zheleznogorsk.
The city was founded in the 1950s and received the name Krasnoyarsk-26. Later it was created KB Applied Mechanics (later - ISS). In 1995, for the first time, the navigation GLONASS was fully formed.
From 2005 to 2014, the company's revenue increased more than 10 times - from 3.2 to 34 billion rubles. The average salary of his employees (45,700 rubles) exceeds the salary of his Moscow colleagues. In addition, half of the mortgage is paid to employees.
The budget of the Federal Space Program for 2006-2015 amounted to 800 billion rubles. Over the next decade, it is planned to increase it to 2 trillion rubles. 310 billion rubles were allocated for GLONASS. Contracts have been signed to ensure indexation of employee salaries. In recent years, their number has increased one and a half times and reached 8,200 people.
According to the Satellite Industry Association ( SIA), the industry's revenue in 2013 was $ 195 billion. 61% accounted for satellite radio and television, mobile communications, signal transmission. 28% accounted for ground equipment (mainly navigators for cars). 3% of revenue came from the launch of the devices. In this segment of the global market, Russia leads with a share of 30%.
However, the share of ISS in the global market is small. Most of the company's total turnover includes the resale of third-party equipment and services. ISS own revenue does not exceed 30% of the enterprise’s income. This is a major problem for ASC. Indeed, according to the rules of public procurement, she can take a 20 percent margin from her own work and only 1% of what “cooperation” put in — two hundred large and small companies that have contributed to the final result. In fact, the ISI net profit margin is approaching 1%.
The company specializes in “service system modules” for spacecraft, including satellite power supply, engines, control and telemetry. A “payload module” is placed on this module. The payload accounts for the majority of the machine’s added value. But it is not produced in Russia.
The main payload provider is Thales Alenia Space , a joint venture of two defense giants, Thales (France) and Finmeccanica (Italy). In 2012, their revenue amounted to 2.1 billion euros. This is several times higher than ISS revenue.
From 25% to 75% of radio electronics on the Russian satellite is import, and the share of civilian satellites is higher than that of the military, saidRBC General Director of ISS Nikolay Testoedov. Such a dependency can be “expensive” in the face of sanctions.
The source of RBC in the Federal State Unitary Enterprise "Space Communication" believes that in this case, sanctions should not be afraid. For Thales, supplying a payload is no less profitable business than manufacturing its own devices. But, according to him, the problem of ISS is that the company's satellites do not have commercial potential.
However, Testoedov is sure that the market is worse than the state order: the demand in the market of communication satellites significantly exceeds supply. Changing devices is necessary less frequently, and each subsequent one incurs several times more payload. As a result, the margin on commercial orders is comparable to state ones, but for the former one has to fight in tenders, and the latter are secured for many years to come, he argues.
According to Testoedov, ISS now has “three roughly the same supports - the Ministry of Defense, the Federal Space Agency and commercial customers, Russian and foreign.”
Sanctions can have a positive effect on the affairs of the enterprise. Gazprom’s operator recently decided to review the already won Thales Alenia Space tender for a telecommunications satellite. Such measures are aimed at expanding the influence of domestic manufacturers (in this case, ISS) in the Russian market.
And since the space program was adopted until 2025, “the order portfolio is ten years ahead,” says Testoedov.
In the ranking of the 50 largest Russian technology companies, RBC ISS them. Reshetneva takes 42nd place.
The city was founded in the 1950s and received the name Krasnoyarsk-26. Later it was created KB Applied Mechanics (later - ISS). In 1995, for the first time, the navigation GLONASS was fully formed.
From 2005 to 2014, the company's revenue increased more than 10 times - from 3.2 to 34 billion rubles. The average salary of his employees (45,700 rubles) exceeds the salary of his Moscow colleagues. In addition, half of the mortgage is paid to employees.
The budget of the Federal Space Program for 2006-2015 amounted to 800 billion rubles. Over the next decade, it is planned to increase it to 2 trillion rubles. 310 billion rubles were allocated for GLONASS. Contracts have been signed to ensure indexation of employee salaries. In recent years, their number has increased one and a half times and reached 8,200 people.
According to the Satellite Industry Association ( SIA), the industry's revenue in 2013 was $ 195 billion. 61% accounted for satellite radio and television, mobile communications, signal transmission. 28% accounted for ground equipment (mainly navigators for cars). 3% of revenue came from the launch of the devices. In this segment of the global market, Russia leads with a share of 30%.
However, the share of ISS in the global market is small. Most of the company's total turnover includes the resale of third-party equipment and services. ISS own revenue does not exceed 30% of the enterprise’s income. This is a major problem for ASC. Indeed, according to the rules of public procurement, she can take a 20 percent margin from her own work and only 1% of what “cooperation” put in — two hundred large and small companies that have contributed to the final result. In fact, the ISI net profit margin is approaching 1%.
The company specializes in “service system modules” for spacecraft, including satellite power supply, engines, control and telemetry. A “payload module” is placed on this module. The payload accounts for the majority of the machine’s added value. But it is not produced in Russia.
The main payload provider is Thales Alenia Space , a joint venture of two defense giants, Thales (France) and Finmeccanica (Italy). In 2012, their revenue amounted to 2.1 billion euros. This is several times higher than ISS revenue.
From 25% to 75% of radio electronics on the Russian satellite is import, and the share of civilian satellites is higher than that of the military, saidRBC General Director of ISS Nikolay Testoedov. Such a dependency can be “expensive” in the face of sanctions.
The source of RBC in the Federal State Unitary Enterprise "Space Communication" believes that in this case, sanctions should not be afraid. For Thales, supplying a payload is no less profitable business than manufacturing its own devices. But, according to him, the problem of ISS is that the company's satellites do not have commercial potential.
However, Testoedov is sure that the market is worse than the state order: the demand in the market of communication satellites significantly exceeds supply. Changing devices is necessary less frequently, and each subsequent one incurs several times more payload. As a result, the margin on commercial orders is comparable to state ones, but for the former one has to fight in tenders, and the latter are secured for many years to come, he argues.
According to Testoedov, ISS now has “three roughly the same supports - the Ministry of Defense, the Federal Space Agency and commercial customers, Russian and foreign.”
Sanctions can have a positive effect on the affairs of the enterprise. Gazprom’s operator recently decided to review the already won Thales Alenia Space tender for a telecommunications satellite. Such measures are aimed at expanding the influence of domestic manufacturers (in this case, ISS) in the Russian market.
And since the space program was adopted until 2025, “the order portfolio is ten years ahead,” says Testoedov.
In the ranking of the 50 largest Russian technology companies, RBC ISS them. Reshetneva takes 42nd place.