RSCC Receives Insurance for Express AM4 Total Loss

19.01 : 2012

Russia, Moscow, 18 January 2012. RSCC and OSAO Ingosstrakh have settled the insurance claim over the total loss of Express AM4 satellite.  

Express AM4 was launched from Baikonur launch base on 18 August 2011. The satellite was injected to an off-nominal orbit. The failure ruled out any use of Express AM4 for its intended purposes. RSCC, the inter-agency failure investigation commission and the manufacturer, EADS Astrium, have acknowledged the fact of Express AM4 total loss.

RSCC has received RUB 7,522,920,166,30 which amounts to the entire sum of insurance indemnification.