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Avio
M&A Activity • Oct 29, 2024
4127_rns_2024-10-29_f507216d-d6c0-4bce-a7b5-a74e58e082cd.pdf
M&A Activity
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| Informazione Regolamentata n. 1771-47-2024 |
Data/Ora Inizio Diffusione 29 Ottobre 2024 18:10:16 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | AVIO SPA | |
| Identificativo Informazione Regolamentata |
: | 197324 | |
| Utenza - Referente | : | AVION05 - Agosti | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 29 Ottobre 2024 18:10:16 | |
| Data/Ora Inizio Diffusione | : | 29 Ottobre 2024 18:10:16 | |
| Oggetto | : | Avio USA and ACMI Properties partner to design a new solid rocket motor production facility in the United States |
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| Testo del comunicato |
Vedi allegato
AVIO USA AND ACMI PROPERTIES PARTNER TO DESIGN A NEW SOLID ROCKET MOTOR PRODUCTION FACILITY IN THE UNITED STATES
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Avio USA is currently evaluating locations for its first state-of-the-art facility in America
Colleferro (Rome), October 29th, 2024 – Avio USA, a subsidiary of Avio S.p.A, has selected ACMI Properties to design and plan its first solid rocket motor production facility in the United States. The project targets a potential investment in the U.S. industrial base to support the rapid increase in demand for solid rocket motors in the defense and aerospace industries.
"We are thrilled to be partnering with ACMI Properties to evaluate making this investment in the United States," said VADM (Ret) James Syring, CEO of Avio USA. "We are seeing significant demand for our capabilities from our current customers in multiple product lines, and this facility will be critical in creating our production capacity so we can meet the needs of our current and future customers as an independent supplier."
The project paves the road for Avio's investment in the American market and is expected to create new, high paying jobs. The facility will house production for multiple types of solid rocket motors with applications in defense, space exploration, and commercial aerospace.
"By creating a state-of-the-art solid rocket motor production facility in the U.S., we are strengthening our nation's industrial base and fostering innovation in aerospace and propulsion technologies," said Simon Shewmaker, Head of Development for ACMI Properties. "We are proud to support this critical infrastructure for our defense capabilities and participate in a venture that will have a profound impact on the economic growth and strategic interests of our country."
Avio USA and ACMI Properties are in the process of evaluating several locations to select the best possible site for the several hundred-acre solid rocket motor production facility. Multiple states are currently under consideration. The evaluation period for the factory's location is planned to conclude in the first half of 2025.
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Avio is a leading international group engaged in the construction and development of space launchers and solid, liquid and cryogenic propulsion systems. The experience and know-how built up over more than 50 years puts Avio at the cutting-edge of the space launcher sector and defense program. Avio is present in Italy, France, United States and French Guiana with 5 facilities, employing approx. 1,300 high qualified personnel, of which approx. 30% involved in research and development. Avio is the prime contractor for Vega program and a sub-contractor for the Ariane program, both financed by the European Space Agency (ESA) placing Italy among the limited number of countries capable of producing a complete spacecraft.
Avio USA Inc. is a subsidiary of Avio S.p.A. with its headquarters in Arlington, Virginia. Avio USA is structured to operate in compliance with US security and export-control regulations and is governed by a US-led board of directors. The CEO of Avio USA is retired US Navy Vice Admiral James Syring, former Director of the US Missile Defense Agency.
ACMI Properties is a commercial real estate development firm focused on the industrial development of mission-critical facilities and innovation clusters to meet the growing onshoring needs of advanced manufacturing companies. ACMI Properties caters to the unique requirements of advanced manufacturing companies in the national security and aerospace industries, with a focus on specialized technologies such as propulsion systems, critical chemicals, hypersonics, space systems, energetics, and scaled manufacturing among others. ACMI Properties is the property development affiliate of the American Center for Manufacturing and Innovation (ACMI). For more information visit https://acmiproperties.com/.
For further information
Avio S.p.A.: Media Relations contacts: [email protected]
Investor Relations contacts: [email protected] [email protected]
ACMI Properties: [email protected]
| Fine Comunicato n.1771-47-2024 | Numero di Pagine: 4 |
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