Reported about 5 hours ago
Italian rocket manufacturer Avio has approved a €400 million capital increase aimed at expanding production capabilities amidst growing opportunities in the global space and defense markets. With a new 10-year business plan, the company anticipates a 10% average annual revenue growth and a 15% rise in core profits. Investments will focus on increasing launch frequency of the Vega-C rocket and enhancing propulsion technologies, along with a new manufacturing facility in the U.S. expected by 2028.
Source: YAHOO