HomeBusinessAvio discloses launch service contracts for Vega C launcher, shares rise

Avio discloses launch service contracts for Vega C launcher, shares rise

Italy’s aerospace group Avio stated on Thursday that French launch providers firm Arianespace had signed new launch contracts for the Vega C launcher car, pushing the Italian agency shares up greater than 4per cent.

The offers embrace a contract with the Italian Space Agency for the launch of two light-weight superior satellite tv for pc platforms between 2022 and 2024, in addition to launch service contracts with the European Space Agency (ESA) for the launch of Flex and Altius satellites by 2025.

Rome-based Avio, which is the prime contractor for European launcher Vega, added it had additionally signed a growth contract value about 50 million euros ($56.79 million) with ESA.

The Vega C maiden flight is anticipated in May 2022, Avio added within the assertion.

Avio shares had been up 3.1per cent by round 0855 GMT, outperforming a flattish Milan inventory market.

($1 = 0.8804 euros)

(Reporting by Federico Maccioni, modifying by Maria Pia Quaglia)

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