The government’s relaunch project for Piaggio Aero is oriented to valorizing technical competencies and ensuring employment continuity.

Edoardo Rixi emphasized collaboration among institutions, industry, and workers as a necessary condition for the success of Piaggio Aero’s relaunch.

Edoardo Rixi is the Italian Deputy Minister at the Ministry of Infrastructure and Transport who visited the Piaggio Aero facilities in Albenga.

The relaunch of the Albenga site is presented as contributing to strengthening the Ligurian aerospace hub as an industrial reference in northwest Italy.

Piaggio Aero is under the control of Baykar Piaggio Aerospace.

Novaspace expects 2025 to serve as a transition year toward a more resilient, security-driven, and strategically aligned space economy.

Space-enabled solutions such as PNT services are expected to occupy a significant share of the space economy.

The space market is positioned to expand from $236 billion in 2025 to $323 billion in 2034.

Novaspace’s Space Economy Report projects the global space economy could be worth over $1 trillion by 2034.

Government priorities in security, sovereignty, and exploration are reshaping procurement models and reinforcing potential opportunities for commercial actors in national space strategies.

Government space spending reached $138 billion in 2025, driven primarily by security, sovereignty, and exploration programs.

Novaspace identifies sector maturation, improved financing, and the progressive softwarization of space infrastructure as shaping the space economy.

The global space economy was worth a shade over $625 million in 2025.

Novaspace released its latest Space Economy Report on Jan. 30.

Defense and sovereignty emerged as the dominant market drivers in 2025 and are expected to persist well into the late 2020s.

The award of the SHIELD IDIQ contract carries no guaranteed revenue.

Redwire’s portfolio includes unmanned aerial systems, advanced sensors, maneuverable spacecraft platforms, and agent-based modeling and simulation.

Peter Cannito is Chairman and CEO of Redwire.

The SHIELD IDIQ contract has a ceiling value of $151 billion.

The Missile Defense Agency awarded the Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity contract to Redwire.

The SHIELD IDIQ contract encompasses a broad range of work areas to allow rapid delivery of innovative capabilities to the warfighter with increased speed and agility.

The SHIELD IDIQ contract is a multi-award contract.

Redwire’s space and defense technologies position the company to deliver resilient, multi-domain solutions for national security missions.

The SHIELD IDIQ contract is intended to help protect the homeland and support mission partners across the Department of War.

York Space Systems generated $11 million of commercial revenue in the first nine months of 2025.

York Space Systems can currently produce about 300 vehicles per year and has a long-term vision of annual output closer to four figures.

York Space Systems reports an 83% win rate for PWSA contracts.

York Space Systems plans to hold inventories of satellite platforms to offer customers more immediate access to space.

Government customers generated $270 million of York Space Systems’ revenue in the first nine months of 2025.

York Space Systems claims it can build satellites at roughly half the cost of competitors.

York Space Systems aims to reduce production lead time from around two years to seven months to support faster deployment.

York Space Systems’ shares began trading at $38, giving the company an initial valuation of $4.75 billion.

York Space Systems has been allocated a slot on every tranche of the PWSA transport layer to date.

The Department of Defense is considering eliminating the PWSA transport layer in favor of a Starlink alternative.

York Space Systems issued shares on the NYSE yesterday in an IPO that netted the company $629 million.

York Space Systems plans to use the new IPO capital to increase its production capacity and build a larger inventory of satellite platforms.

York Space Systems is open to mergers and acquisitions to help secure its supply chain.

York Space Systems operates multiple constellations.

York Space Systems demonstrated shorter production timelines during the Space Development Agency’s Dragoon mission last year.

York Space Systems expects inventorying satellite platforms to help support Golden Dome requirements and field systems by 2028.

The PAZ-2 program is led by the Spanish Ministry of Defence and Hisdesat.

Each PAZ-2 satellite will increase coverage up to 6.7 million square kilometers per day.

The agreement was formalized during the European Space Conference in Brussels, Belgium.

The PAZ-2 program is funded by the Spanish Ministry of Industry and Tourism.

In July 2025 Hisdesat awarded Airbus Defence and Space the contract to build the two PAZ-2 satellites.

Airbus Defence and Space and Hisdesat signed an agreement to commercialize imagery and applications from the future PAZ-2 radar satellites.

Each PAZ-2 satellite will offer a maximum acquisition swath width of 500 kilometers.

The first PAZ-2 satellite is scheduled to enter service by mid-2031.

PAZ-2 is composed of two twin satellites that will replace the current PAZ satellite, which has been operational since 2018.

The agreement extends the existing partnership to commercialize PAZ radar images in constellation with the German TerraSAR-X and TanDEM-X satellites that began in 2018.