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...
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 ...
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...
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 ...
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...
ROME--(BUSINESS WIRE)-- During 2021 Vega performed 3 successful missions (VV18, VV19 and VV20) in around 6 months, re-establishing a track record in line with the top market performers, and bringing into orbit 2 satellites for the Pléiades Neo constellation of Airbus Defense & Space, the 3 sats Céres constellation, plus further smallsats that have flown in rideshare configuration. During 2021 also 3 successful Ariane 5 missions have been performed, including the December 2021 James Webb Space Telescope for NASA. Thanks to the resumed Vega launch activities, between the end of 2021 and the beg...
ROME--(BUSINESS WIRE)-- Today, the Board of Directors of Avio, following the decision taken by the Shareholders Meeting of the 29th April 2021, has decided to start the share buyback program. The program authorized by the Shareholders Meeting targets a maximum amount corresponding to 10% of share capital, equal to €9.1 million. As of today, Avio owns 671,233 own shares, 2.55% of the total shares. The program approved authorizes the start of the buyback for a maximum total amount of €9.1 million, until the expiration of the authorization provided by the Shareholder Meeting, set on October 30...
ROME--(BUSINESS WIRE)-- 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 ...
KOUROU, French Guiana--(BUSINESS WIRE)-- The mission that departed today from the Kourou spaceport in French Guiana marked a new success for the Vega launcher with the VV20 flight. The European launcher, designed, developed and manufactured by Avio, has perfectly placed into orbit the French CERES satellites, built by Airbus Defence and Space for CNES and the French Ministry of Defence. The three CERES satellites will fly in formation and will be used for electronic intelligence to map communication centres and radars. This last success concludes Vega's 2021 year with three launches within a ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
KOUROU, French Guiana--(BUSINESS WIRE)-- Today’s mission from Kourou’s spaceport in French Guiana marked a successful mission for Vega’s flight VV18. The European launcher, designed, developed and built by Avio, has perfectly placed in orbit the new generation French satellite Pléiades 3 Neo on behalf of Airbus D&S along with 5 secondary payloads embarked on a modified version of the SSMS payload adapter successfully launched with the VV16 mission in September 2020. The European small lift rocket confirms its ability to transport groups of satellites into orbit together with a main payload. T...
ROME--(BUSINESS WIRE)-- AVIO and Thales Alenia Space (Thales 67%, Leonardo 33%) as co-contractor, signed a contract with the European Space Agency (ESA) for the development of the automated reusable Space Rider transportation system, designed for deployment by the new Vega C light launcher into low Earth orbit (LEO). The total worth of the contract is 167M€. Space Rider is Europe’s solution for its own affordable and reusable end-to-end integrated space transportation system for unmanned missions and for routine access and return from low orbit. It will be used to transport a variety of paylo...
Summary Aerojet Rocketdyne, Inc. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Aerojet Rocketdyne, Inc. (Aerojet), a subsidiary of Aerojet Rocketdyne Holdings, Inc. provides propulsion systems to the defense and aerospace markets. The company offers munitions ap...
ROME--(BUSINESS WIRE)-- Avio has managed to keep continuity of operations during the lockdown through a specific Government authorization related to the strategic relevance of Avio business activities. In the middle of August the third launch of Ariane 5 took place. The VV16 Vega flight successfully took place on the 3rd of September, lifting to orbit 53 satellites of different sizes by 21 customers from 13 countries thanks to SSMS, Avio’s innovative dispenser. For the remaining part of the year another Vega and another Ariane 5 are being readied for launch and preparation of an additional Ve...
ROME--(BUSINESS WIRE)-- The Board of Directors of Avio S.p.A. today reviewed and approved the Q1 2020 results. Avio, a leading aerospace company listed on the STAR segment of the Italian Stock Exchange, reports revenues of Euro 80 million for the first quarter of 2020, down 3.2% on the same period of the previous year. Reported EBITDA of Euro 7.2 million grew 3.9% on Q1 2019, benefitting from fixed costs effective control but already incorporating the effect from the donations after the COVID-19 outbreak (Euro 0.5 million). Reported EBIT of Euro 3.1 million, reflecting the increase of am...
ROME--(BUSINESS WIRE)-- The Board of Directors of Avio, a leading rocket engine manufacturing enterprise listed on the STAR segment of the Italian Stock Exchange, today reviewed and approved the financial statements of Avio at December 31, 2019. Avio is the Prime Contractor of the European light satellite launcher Vega and supplier of the heavy launcher Ariane. “2019 has further consolidated the profit and cash growth seen over recent years despite the difficulties resulting from the failure of a Vega flight last July,” stated Avio's CEO, Giulio Ranzo. “In parallel, Avio has continued to inv...
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