AVIO Avio SpA

New Launch Service and Development Activities Contracts for Vega C

At the end of an intense 2021 with 3 successful Ariane and 3 successful Vega missions in about 6 months, Avio announces the signature by Arianespace of several new launch service contracts for Vega C.

In particular, a contract was signed with the Italian Space Agency for the launch of Platino 1 and Platino 2 satellites between 2022 and 2024. Platino is a lightweight advanced satellite platform entirely developed and manufactured in Italy.

In addition, the Microcarb and NESS launch service contracts were signed with CNES, the French Space Agency, and ESA. Microcarb is a micro-satellite for measurement of CO2 absorption and release into the atmosphere. NESS is a Nanosat demonstrator mission to perform surveillance of the civilian radiofrequency spectrum against jamming.

Finally, the launch service contracts for the Flex and Altius satellites were signed with the European Space Agency for a launch by 2025. Flex will monitor carbon cycles and agriculture for food security, while Altius will monitor the status of the atmosphere ozone layer.

These contracts highlight the credibility of Avio’s execution capability and Vega’s restored track record of performance, and on one side the suitability of Vega C to meet an ample spectrum of customer requirements, and on the other side the commitment of Avio to support sustainability and improvement of life on earth through the most innovative space applications.

In addition, Avio signed with ESA in December 2021 a new development contract for Vega C for a total value of about 50 Euro million. Such program will enable further Vega C technological optimizations and industrial streamlining, to improve cost-competitiveness.

The Maiden Flights of Vega C and Ariane 6 are scheduled in May 2022 and in the second part of 2022 respectively, with the Avio team currently in French Guyana working on the final preparation steps.

“The contracts signed between the end of 2021 and the beginning of 2022 confirm the intense work carried out by the Avio team, which has led to renewed market confidence in the Vega launchers. With the shipment of the Vega C items to French Guyana, the launch campaign is nearing kick off, for the launch scheduled in May 2022, while also Ariane 6 is now getting very close to launch in the second part of 2022” commented Giulio Ranzo, CEO Avio’s CEO.

EN
21/01/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Avio SpA

Avio Spa: 1 director

A director at Avio Spa sold 100,000 shares at 15.975EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...

 PRESS RELEASE

Vega C Successfully Completed Its Maiden Flight

KOUROU, French Guiana--(BUSINESS WIRE)-- The Vega C rocket has completed its inaugural flight, placing the main payload LARES-2 – a scientific mission of the Italian Space Agency ASI – into its planned orbit. Six additional research CubeSats from France, Italy and Slovenia flew as secondary payloads. The launch caps a multi-year effort by ESA, the prime contractor Avio and industrial partners in 13 ESA member states to build on the heritage of its predecessor, Vega. Vega C represents a dramatic capability boost compared to Vega, which has been flying since 2012. With the new first and second ...

 PRESS RELEASE

Successful Firing of the New M10 Engine for Vega-E

COLLEFERRO, Italy--(BUSINESS WIRE)-- The new M10 oxygen/methane engine for Vega E was successfully tested yesterday at Avio's new Space Propulsion Test Facility (SPTF) at the Salto di Quirra range in Sardinia. The engine developed by Avio, with a thrust class of 10 tons, is the first of its kind to be successfully tested in Europe. The M10 represents, in all intents and purposes, a new-generation green engine, realised with extensive use of additive layer manufacturing (ALM) technologies. The M10 engine is part of the development of the Vega E launcher, a project coordinated by ESA (European S...

 PRESS RELEASE

Arianespace Signs a Contract With Amazon for 18 Ariane 6 Launches

ROME--(BUSINESS WIRE)-- Arianespace has signed a contract with Amazon for 18 launches of the Ariane 6 launcher to put the Kuiper constellation of satellites for broadband internet into orbit. This is the largest agreement so far signed by the consortium that markets European launches. Amazon's project aims to connect the disconnected by providing high-speed, low-latency broadband to unserved and underserved communities around the world at affordable prices. Homes, schools, hospitals, businesses, governments and institutions that do not have access to connectivity will soon have it through the ...

 PRESS RELEASE

Avio: Vega Operations Not Impacted in the Medium Term by the Ukraine C...

ROME--(BUSINESS WIRE)-- In relation to recent articles appeared on the press concerning the potential impacts of the on-going Ukrainian conflict on the operations of the Vega launcher, Avio confirms that at present no specific impacts on Vega and Vega C continuity of operations are foreseen in the medium term. In particular, the procurement process of the 4th stage engine of Vega and Vega C, manufactured in Ukraine, started several years ago to cover the deliveries for the launches expected up to 2026. Since the beginning of such contract, deliveries have been scheduled significantly in advan...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch