Rocket-builder Avio posts double-digit revenue, profit increase with peak in government development funding

by Peter B. de Selding

PARIS — The world’s only pure-play, publicly traded launch-vehicle manufacturer, Avio SpA, reported double-digit increases in revenue and profit in 2018 with a peak in government-financed work on new rockets.

For Avio, the question is whether demand for its Vega small-satellite launch vehicle and for the heavy-lift Ariane 6, which uses Vega’s first stage as its strap-on boosters, will be sufficiently strong to offset the inevitable decline in government development funds.

Avio in 2018 reported revenue of 388.7 . . .

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