Boeing Still Seeking $356M from Sea Launch Partners Space News
Boeing has not abandoned its effort to collect $356 million from its former Sea Launch commercial launch service partners in Russia and Ukraine despite an initial setback at a Swedish arbitration panel, saying the companies in question “have the wherewithal to pay,” Boeing said Feb. 9.
Long Beach, Calif.-based Sea Launch is emerging from bankruptcy with fresh cash provided by an affiliate of RSC Energia of Korolev, Russia, the company that Boeing says owes nearly two-thirds of the money it is seeking for reimbursement of loans and bank guarantees it made to Sea Launch.
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