Italy's rocket maker Avio posted a 7.3% rise in first-half adjusted core earnings on September 10 morning. Net revenue jumped 17.5% to €276.0 million, driven by increased production for Vega-C and Ariane 6 boosters. The growth fuels the firm's push into the United States, including a new Virginia propulsion plant.
Avio First-Half Profit Rises on US Expansion
Italian rocket maker Avio posted a 7.3 percent rise in first-half adjusted core earnings as net revenue climbed 17.5 percent. The company is advancing expansion plans in the United States by building a new facility in Virginia and selling a stake to Advent International.
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