AVIO: insider trades · Italy · Consob

About AVIO

AVIO is a leading industrial player in space propulsion and defense propulsion systems, listed on Borsa Italiana (FTSE MIB) in Italy. Headquartered in Colleferro, near Rome, the company traces its industrial roots back to 1912 according to its official website. AVIO’s business model is built on a distinctive combination of capabilities: it designs and integrates launchers, develops solid rocket motors, and produces liquid and cryogenic propulsion systems, along with critical subsystems used in both space and military applications. This makes AVIO a strategic aerospace-and-defense supplier with exposure to Europe’s sovereign space and missile ecosystem. The group’s main business lines are centered on launch systems and propulsion. In space, AVIO is the prime contractor for the Vega and Vega C small launch vehicles, both European Space Agency programs, and also supplies key motors and stages such as P80, P120C, Zefiro 23, Zefiro 40, Zefiro 9, Avum, and Avum+. It is also developing Vega E, a next-generation launcher whose maiden flight is expected in 2028. On the propulsion side, AVIO develops the P120 C motor, used both as the first stage of Vega C and Vega E and as a booster for Ariane 6. In defense, the company participates in major European and international programs, including Aster 30 and CAMM-ER, which broadens its addressable market and increases its relevance in the context of European defense spending and industrial sovereignty. Geographically, AVIO remains strongly anchored in Italy, with its headquarters and main R&D/manufacturing base in Colleferro. It also operates sites in Rivalta di Torino, Airola, Perdasdefogu, and Kourou via its Regulus subsidiary, while Avio USA signals a growing international footprint. Recent developments have materially strengthened the investment case. In 2025, AVIO was officially designated launch service provider for the Vega launcher family, a historic milestone for an Italian company and a strategic recognition within the European space industry. The company also approved a new business plan and a EUR 400 million rights issue to expand production capacity in space and defense, including a planned solid rocket motor facility in the United States. FY 2025 results highlighted a record order backlog and a continued revenue growth path, while 2026 started with additional defense contracts and upgraded guidance. For investors, AVIO offers a high-tech, long-cycle industrial story with strong strategic relevance in Europe and increasing transatlantic optionality.