Avio reports 10%-plus increase in revenue, EBITDA for Q1 2019; expects Ariane 6 contract soon

by Peter B. de Selding

PARIS — Rocket hardware builder Avio S.p.A. reported double-digit increases in Q1 revenue and adjusted EBITDA compared to last year and said it expected to sign contracts for its work on 14 Ariane 6 rockets in the coming months.

Avio is prime contractor for Europe’s Vega light-lift vehicle, which has been successful in its first 14 flights, the latest being in March. An upgraded Vega, called Vega-C, is scheduled to make its inaugural flight in early 2020.

Avio’s Vega first stage . . .

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