Rocket-builder Avio: Revenue, EBITDA, backlog all up in H1 2017

by Peter B. de Selding

PARIS — Rocket builder Avio SpA reported increased revenue and profit for the first six months of 2017 on the strength of the continued success of the Ariane 5 and Vega rockets.

Colleferro, Italy-based Avio, which is prime contractor for the Vega small-satellite launch vehicle, said its backlog also increased following 300 million euros ($342 million) in orders for Vega rockets and Avio-built components for the Ariane 5.

Vega has completed 10 flights, with no failures. The more-powerful Vega-C, whose first stage will act as . . .

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