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ESA awarded a €40 million contract to Avio for the design of a reusable rocket upper stage in late September.
The scope of the Avio project encompasses preliminary design work for both the launch system and the ground segment.
Avio's stock decreased by 13%.
Avio, located in Colleferro, is recognized as an excellence in the aerospace sector.
Sabca has supplied TVC systems for the Ariane 4, Ariane 5, and now Ariane 6 rockets, as well as for Avio’s Vega and Vega C rockets.
The European Space Agency has awarded a contract to Avio for 24 months of development activities.
Avio and the European Space Agency (ESA) signed a €40 million contract to develop advanced technologies for the flight demonstration of a reusable upper stage.
Giulio Ranzo, CEO of Avio, stated that the company is proud to contribute to the development of a reusable upper stage based on its technological capabilities and industrial experience.
Avio will leverage its extensive technical and industrial experience in liquid propulsion systems, particularly those using liquid oxygen and methane, as well as knowledge gained from the Space Rider reentry vehicle program to design an advanced, lightweight, high-performance solution for next-generation launch systems.
Avio CEO Giulio Ranzo stated the company will leverage its expertise in liquid oxygen-methane engines and the Space Rider reentry vehicle.
The European Space Agency and Avio signed a contract for 24 months of development activities for a reusable upper stage.
Avio's designs will support higher flight rates and competitive costs for their customers.
Avio aims to create an advanced, lightweight, performance-efficient reusable upper stage for next-generation launchers.
The contract was signed by ESA’s Director of Space Transportation Toni Tolker-Nielsen and Avio’s Chief Commercial Officer Marino Fragnito.
The activities are the result of joint harmonization work with Avio to maximize technology returns on ESA and national investments.
The scope of work for Avio’s contract appears to fall short of reaching a critical design milestone.
ESA’s Chief Technical Advisor for Space Transportation, Giorgio Tumino, mentioned that the activities resulted from joint harmonization work with Avio to maximize technology return on investments.
Avio will utilize its expertise with methalox liquid propulsion systems for the project, likely indicating the use of MR10 rocket engines.
Avio stated it would utilize knowledge acquired through the Space Rider re-entry vehicle programme.
Avio will complete the demonstrator mission’s system requirements and technological solutions over the next 24 months.