Avio posts rise in nine-month earnings
Italian rocket maker Avio reported a 13.3 percent rise in nine-month adjusted core earnings to 18.6 million euros on Wednesday. The growth was supported by progress in its US expansion and increased production for its Vega-C launchers.
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AVIO SPA posted a 13.3% rise in nine-month adjusted core earnings to €18.6 million ($20.77 million) on Wednesday morning, aided by US expansion. That comes as the Italy-based rocket maker finalizes a private equity investment. The earnings growth underscores expanding production capacity for European and transatlantic defense contracts.
