Rocket hardware builder Avio: record backlog in 2022, financial impact of Vega-C failure is minimial

by Peter B. de Selding

WASHINGTON — Rocket hardware builder Avio SpA’s 2022 financial performance and 2023 forecast shows limited impact of the December failure of the company’s Vega C rocket on its second flight and the delayed arrival of the heavy-lift Ariane 6.

Italy-based Avio reported a 15% increase in revenue for 2022, with backlog up 16%, reaching a record 1.014 billion euros ($1.08 billion), Avio reported on March 14.

Despite their recent issues — the Vega-C failure in December and the Ariane 6 . . .

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