Avio: 20%+ increase in 2024 revenue, backlog, EBITDA; defense propulsion up 52%; 2025 is ramp year for Vega-C, Ariane 6

by Peter B. de Selding

WASHINGTON — Satellite launch vehicle and missile manufacturer Avio SpA reported a 30% increase in revenue, a 20% increase in EBITDA and a 27% increase in backlog in 2024 and said growth would continue but more moderately in 2025 as it ramps launches of its Vega-C medium-lift rocket.

Italy-based Avio is Vega-C’s prime contractor and is assuming the role of the vehicle’s launch service provider, taking over from Arianespace. Avio has said its goal is to increase its Vega program profitability by taking full . . .

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