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Avio will utilize its expertise with methalox liquid propulsion systems for the project, likely indicating the use of MR10 rocket engines.
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 complete the demonstrator mission’s system requirements and technological solutions over the next 24 months.
On 29 September, ESA announced the awarding of a €40 million contract to Avio for Phase 2.
The European Space Agency and Avio signed a contract for 24 months of development activities for an in-flight demonstration of a reusable upper stage.
The European Space Agency (ESA) and Avio Group signed a contract for a 24-month development project.
The scope of work for Avio’s contract appears to fall short of reaching a critical design milestone.
The meeting included high-ranking officials from Arianespace, Avio, The Exploration Company, HyImpulse, Isar Aerospace, MaiaSpace, Omnidea, Rocket Augsburg - RFA, Sirius Space Services, and HyPrSpace.
Avio's stock climbed 7.09% on 19 September following the announcement of the launch contract.
Avio CEO Giulio Ranzo stated that the addition to the Vega C manifest reaffirms the vehicle's versatility and competitiveness in the global launch market.
Avio did not reveal the identity of the 'extra-European' customer but plans to announce it later this year.
Avio's stock reached an all-time high of €49.15 per share before settling below that level by the close of trading.
Official sponsors of the event include ITA Airways, Avio S.p.A., and Cristiano di Thiene S.p.A.
Avio secured the launch contract on 18 September through an open international competition.
Avio signed a launch services agreement with US-based launch aggregator SpaceLaunch for a Vega C launch carrying an Earth observation satellite in 2027.
Avio's adjusted operating profit rose to €11.4 million, and the company maintained a €1.67 billion order backlog.
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.
Avio's Board of Directors has approved a €400 million capital increase to fund an expansion of its manufacturing capacity.
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.