AVIO overview

Velo3D , Inc. ( NYSE: VLD ), a top metal additive manufacturing technology company for mission-critical parts, today announced that Avio S.p.A. , a leading aerospace company listed on the STAR segment of the Italian Stock Exchange, has purchased a Sapphire XC 1MZ printer and an original Sapphire printer to support the development and production of its propulsion systems and accelerate the advancement of the space industry. Velo3D’s solution was selected for its ability to produce quality parts...

The Vega C rocket has completed its inaugural flight, placing the main payload LARES-2 – a scientific mission of the Italian Space Agency ASI – into its planned orbit. Six additional research CubeSats from France, Italy and Slovenia flew as secondary payloads. The launch caps a multi-year effort by ESA, the prime contractor Avio and industrial partners in 13 ESA member states to build on the heritage of its predecessor, Vega. Vega C represents a dramatic capability boost compared to Vega,...

The new M10 oxygen/methane engine for Vega E was successfully tested yesterday at Avio's new Space Propulsion Test Facility (SPTF) at the Salto di Quirra range in Sardinia. The engine developed by Avio, with a thrust class of 10 tons, is the first of its kind to be successfully tested in Europe. The M10 represents, in all intents and purposes, a new-generation green engine, realised with extensive use of additive layer manufacturing (ALM) technologies. The M10 engine is part of the development...

The new European launcher Vega C, developed by Avio, has been selected by the European Commission and the European Space Agency to launch, in the first half of 2023, the Sentinel 1C satellite for Earth observation through synthetic aperture radar technology. The satellite, which will be positioned in a sun-synchronous orbit at an altitude of 690 kilometers, will be added to the already operational Sentinel 1A and 1B. The satellite will have environmental monitoring and security applications....

Arianespace has signed a contract with Amazon for 18 launches of the Ariane 6 launcher to put the Kuiper constellation of satellites for broadband internet into orbit. This is the largest agreement so far signed by the consortium that markets European launches. Amazon's project aims to connect the disconnected by providing high-speed, low-latency broadband to unserved and underserved communities around the world at affordable prices. Homes, schools, hospitals, businesses, governments and...

In relation to recent articles appeared on the press concerning the potential impacts of the on-going Ukrainian conflict on the operations of the Vega launcher, Avio confirms that at present no specific impacts on Vega and Vega C continuity of operations are foreseen in the medium term. In particular, the procurement process of the 4th stage engine of Vega and Vega C, manufactured in Ukraine, started several years ago to cover the deliveries for the launches expected up to 2026. Since the...

During 2021 Vega performed 3 successful missions (VV18, VV19 and VV20) in around 6 months, re-establishing a track record in line with the top market performers , and bringing into orbit 2 satellites for the Pléiades Neo constellation of Airbus Defense & Space, the 3 sats Céres constellation, plus further smallsats that have flown in rideshare configuration. During 2021 also 3 successful Ariane 5 missions have been performed, including the December 2021 James Webb Space Telescope for NASA....

Today, the Board of Directors of Avio, following the decision taken by the Shareholders Meeting of the 29 th April 2021, has decided to start the share buyback program. The program authorized by the Shareholders Meeting targets a maximum amount corresponding to 10% of share capital, equal to €9.1 million. As of today, Avio owns 671,233 own shares, 2.55% of the total shares. The program approved authorizes the start of the buyback for a maximum total amount of €9.1 million, until the...