Avio's 468M Euro Boost: Powering Up Space and Defense

Avio, the Italian rocket maker, is launching a massive $468 million capital increase to fuel expansion in the booming space and defense industries. The funding will boost manufacturing in Italy and the US, ramp up Vega-C rocket launches, and develop next-gen propulsion tech, positioning Avio as a major player in the global market. With backing from Jefferies and Morgan Stanley, Avio aims for 10% annual revenue growth and a 15% rise in profits, solidifying its role in both space and defense. Hosted on Acast. See acast.com/privacy for more information.