In the middle of November 100% of JSC EDB Fakel’s shares (former name FSUE EDB Fakel), which are owned by the Roscosmos state corporation, were transferred to a trust management of JSC NPO Energomash. After completion of the deal JSC NPO Energomash became entitled to form the board of directors, audit commission and also take other decisions related to the competence of the general meeting of shareholders and board of directors of JSC EDB Fakel.
JSC EDB Fakel’s transition to the integrated structure of the rocket engines manufacturing consisted of 2 stages. At the 1st stage in late of April 2020 FSUE EDB Fakel was reorganized into a joint stock company. After JSC EDB Fakel’s shares were transferred to the Roscosmos state corporation as an asset contribution of the Russian Federation, the process of the shares transfer to a trust management of JSC NPO Energomash began.
The aim of the shares transfer was to implement the program of the strategic transformations of the rocket engines manufacturing enterprises and execute the decisions by the Supervisory board and administration of the Roscosmos state corporation. On the basis of the taken decisions an integrated structure is to be formed with its main aim to unite the leading engine manufacturing enterprises in Russia. The structure will constitute 6 enterprises headed by JSC NPO Energomash.
JSC EDB Fakel (a part of the state corporation Roscosmos) is one of the leading enterprises in development of electric propulsion systems and thermal catalytic propulsion systems operating using Hydrazine. Fakel has a production experience in serial and mass delivery of thrusters both in commercial and state market segments. The share of the thrusters production in the world for spacecraft is about 10%. More than 70 Russian spacecraft (more than 60% of the Russian orbital constellation) and 30 Western spacecraft are equipped with thrusters developed and produced by EDB Fakel. Today EDB Fakel’s partners are ISS Reshetnev, RSC Energia, Khrunichev State Research and Production Center, Lavochkin Research and Production Association, Research and Production Corporation VNIIEM, Maxar (USA), Airbus, TAS (France), MELСO (Japan), IAI (Israel), OHB (Sweden).
ROSCOSMOS is the state corporation established in August 2015 for a comprehensive reform of the rocket and space industry of Russia. ROSCOSMOS ensures performance of the state policy in space industry and normative regulation. ROSCOSMOS also places orders for development, production and delivery of space hardware and space infrastructural objects. Also, one of its functions is to develop international co-operation in space industry and provide conditions to use the results of the space activities for a social and economic progress of Russia.