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AVIO AND ARIANESPACE SIGN LONG-TERM SUPPLY AGREEMENT FOR 10 ADDITIONAL VEGA C LAUNCHERS
During the recent meeting in Rome between Bruno Le Maire, French Minister of the Economy, Finance and Recovery, and Giancarlo Giorgetti, Italian Minister of Economic Development, Stéphane Israël, CEO of Arianespace, and Giulio Ranzo, CEO of Avio signed an agreement with Avio to start production of 10 new Vega C launch vehicles.
Giulio Ranzo, Chief Executive Officer of Avio, commented: “We are delighted to receive a new batch order for Vega C, which confirms Arianespace’s customers’ interest and trust in the new launcher product, which is the result of an effective cooperation among several European industries under Avio’s leadership”.
This agreement kicks off the procurement of long lead-time items and the initial activities for the production of 10 new launchers, to be delivered from 2023. Vega C launchers produced within Batch 4 will serve institutional and commercial missions from 2023 onwards; in particular, they will contribute to the fulfillment of strategic objectives selected by European institutions, either collectively through ESA and the European Commission, or for national purposes. Thus, 2021 will see the contractualization by Arianespace of launch services for the next nine Copernicus satellites within the Multiannual Financial Framework 2021-2027 of the European Commission.
Read more on Arianespace press release