Avio S.p.A. is an Italian aerospace company specializing in space propulsion and launch systems. As the prime contractor for the Vega rocket family, including Vega and Vega C, Avio provides launch services for institutional, governmental, and commercial payloads. They are also a subcontractor for the Ariane program, supplying components like boosters and stage separation motors and partners with organizations like the European Space Agency (ESA). Associated keywords include: space launchers, solid-propellant motors, liquid propulsion, Vega, Vega C, Ariane, ESA.
All verified mentions of this organization in source documents.
Avio did not reveal the identity of the 'extra-European' customer but plans to announce it later this year.
Avio expects to complete the capital increase by the end of the year, executed in one or more tranches.
Avio's revenue increased by 30 percent to €235 million in the first half of 2025, driven by increased Vega C launch activity and new defence contracts.
Avio expects to access a total addressable market valued at roughly $1.7 billion by bridging the current gap between solid-rocket-motor supply and demand.
Avio's adjusted operating profit rose to €11.4 million, and the company maintained a €1.67 billion order backlog.
Avio's Board of Directors has approved a €400 million capital increase to fund an expansion of its manufacturing capacity.
Avio is pursuing various federal and state financing solutions, including non-repayable grants, to support the expansion of its U.S. defence business.
Avio reported a net loss of €0.2 million, marking a €1.6 million improvement compared with the same period last year.
Avio's growth will be driven by a higher Vega C launch cadence, the introduction of Vega E, continued participation in the Ariane 6 programme, and the construction of a new defence production facility in the United States, expected to be completed by 2028.
Three missions have been secured through contracts between ESA and the Italian aerospace and defense company Avio.
Avio will conduct its three launches from the Guiana Space Centre using the Vega C rocket.
The demonstration device will be launched on one of the scheduled flights for the Italian rocket Avio in spring 2026 from the European Spaceport in French Guiana.
On August 27, 2025, the European Space Agency (ESA) awarded launch service contracts for three launches to Avio and two launches to Isar Aerospace as part of its Flight Ticket Initiative.
Marino Fragnito from Avio suggested that the number of microlauncher programs in Europe will inevitably shrink.
Companies like Avio produce smaller rockets that have the capacity for a majority of satellites in low Earth orbit (LEO).
Avio signed contracts with the European Space Agency for upgrades to the Vega rocket and its launch facilities and for the launch of an Earth science mission.
Avio took over marketing of the Vega rocket from Arianespace in the fall as part of a gradual transfer of launch service provider responsibilities running through the end of 2025.
Avio signed a deed of transfer of all Vega launch contracts that Arianespace had previously signed to Avio.
Avio is planning four launches of the Vega C in 2025 using current infrastructure.
Avio signed a contract with ESA to launch the Far-infrared Outgoing Radiation Understanding and Monitoring (FORUM) spacecraft.