$200m Glonass funding in question

The Moscow Times reports that a major space industry contractor stole 6.5 billion rubles ($200 million) in federal funds earmarked for the troubled Glonass satellite navigation system.

According to Moscow police ho gave media a briefing on Friday, managers at Russian Space Systems used various schemes, including fly-by-night companies, to embezzle money meant for maintaining and upgrading Glonass, Russia’s GPS-like network.

The growing scandal is the latest to hit Glonass, which has suffered years of technical glitches and delays. Glonass’ development began in the mid-1970s, and the system achieved full coverage of Russia in 2010. It currently includes 24 satellites.

Posted in Contracts, Navigation, News

Comments are closed.