Avio secures $65 million U.S. defense contract for solid propulsion engine manufacturing

2026-03-06 08:01:49

Investing.com - Italian aerospace company Avio SpA (BIT:AVIO) announced on Friday that it has signed a $65 million contract with Defense Systems and Solutions to develop and initially produce solid rocket motors in the United States.

Under this three-year agreement, Avio will develop and manufacture solid rocket motors for defense systems used by the U.S. and NATO allies.

Defense Systems and Solutions selected this Italian aerospace company to undertake the project.

According to the contract, mass production of these engines could begin in 2029 at Avio’s U.S. facility.

These engines will be used to supply defense systems for U.S. and NATO partner forces.

The contract marks Avio’s expansion into the U.S. defense market through its American operations.

The company will be responsible for the development phase and initial production of the solid rocket motors during the contract period.

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