Rocket, missile builder Avio: Vega-C, Ariane 6 production ramp on pace; missiles will be half our revenue in coming years

by Peter B. de Selding

LA PLATA, Maryland — Rocket and tactical-missile producer Avio SpA reported a 30% increase in revenue and a 23% increase in reported EBITDA for the six months ending June 30 and said that it would raise 400 million euros ($468 million) to capture the growth in missile demand.

Italy-based Avio, which in addition to its role as prime contractor for Europe’s Vega-C rocket recently took over Vega-C launch-service authority from ArianeGroup’s Arianespace, said tactical missile production, which was 17% of its revenue in . . .

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