Avio, a rocket builder on the stock market: One year on, steady as she goes

by Peter B. de Selding

PARIS — Rocket-hardware builder Avio SpA on May 10 reported double-digit increases in revenue and pretax profit for the three months ending March 31 as it continued to benefit from the operational Ariane 5 and Vega rockets, and the influx of development funds for the future Ariane 6 and Vega-C vehicles.

A year after Avio became what may be the first pure-play rocket builder to enter a major stock market, the company has delivered on its predicted financial metrics and suffered none of the bad-news headlines that rockets sometimes . . .

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