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Legal Proceedings Report • Mar 25, 2022
4127_rns_2022-03-25_fec20335-a751-415b-b692-f2769f9cc302.pdf
Legal Proceedings Report
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| Informazione Regolamentata n. 1771-24-2022 |
Data/Ora Ricezione 25 Marzo 2022 19:29:51 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | Avio Spa | |
| Identificativo Informazione Regolamentata |
: | 159155 | |
| Nome utilizzatore | : | AVION04 - Agosti | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 25 Marzo 2022 19:29:51 | |
| Data/Ora Inizio Diffusione presunta |
: | 25 Marzo 2022 19:29:51 | |
| Oggetto | : | VEGA OPERATIONS NOT IMPACTED IN THE MEDIUM TERM BY THE CONFLICT IN UKRAINE |
|
| Testo del comunicato |
Vedi allegato.
VEGA OPERATIONS NOT IMPACTED IN THE MEDIUM TERM BY THE UKRAINE CONFLICT
Rome, 25 March 2022 – In relation to recent articles appeared on the press concerning the potential impacts of the on-going Ukranian conflict on the operations of the Vega launcher, Avio confirms that at present no specific impacts on Vega and Vega C continuity of operations are foreseen in the medium term.
In particular, the procurement process of the 4th stage engine of Vega and Vega C, manufactured in Ukraine, started several years ago to cover the deliveries for the launches expected up to 2026. Since the beginning of such contract, deliveries have been scheduled significantly in advance vs the industrial need to meet expected launch dates, with a view to build up – and maintain over time - a "strategic stock", also to facilitate the assembly and integration processes of several flight units in parallel. Deliveries have been carried out since the beginning, and also in 2022, as originally scheduled, such that as of today Avio does not see specific risks related to the availability of engines in the medium term.
Quantitative and detailed information remains subject to confidentiality as per the agreements in place and also to safeguard industrial security, in the best interest of our customers.
Following what already done since the start of the conflict, Avio keeps monitoring the situation daily with the full support of ESA, and has promptly started to assess potential technical and industrial actions to mitigate the risk of procurement in the long term, based on the best technologies available taoday or currently in the developing phase.
Should relevant risks emerge for the long term, adequate communication will promptly be made.
Avio takes the opportunity to congratulate its Ukraine suppliers for the quality of their products and the high level of expertise and standards, demonstrated in many years of performance and also at present.
For more information:
Investor Relations contacts [email protected] [email protected]
Media relations contacts [email protected]
Avio in short
Avio is a leading international group operating in the manufacturing and development of space launchers and propulsion systems. The experience and knowhow built up over more than 50 years puts Avio at the cutting edge of the space launcher sector, solid, liquid and cryogenic propulsion and tactical propulsion. Avio operates 5 industrial facilities in Italy, France and France Guyana, employing approx. 1,000 highly-qualified personnel, of which approx. 30% involved in research and development. Avio is a prime contractor for the Vega
programme and a sub-contractor for the Ariane programme, both funded by the European Space Agency ("ESA"), placing Italy among the limited number of countries capable of producing a complete spacecraft.