New Vega C Launch Service and Development Activity Contracts | Business and finance
ROME–(BUSINESS WIRE)–January 21, 2022–
At the end of an intense 2021 with 3 successful Ariane missions and 3 successful Vega missions in approximately 6 months, Avio announces the signing by Arianespace of several new launch service contracts for Vega C.
In particular, a contract has been signed with the Italian Space Agency for the launch of the Platino 1 and Platino 2 satellites between 2022 and 2024. Platino is an advanced lightweight satellite platform entirely developed and manufactured in Italy.
In addition, Microcarb and NESS launch services contracts were signed with CNES, the French Space Agency and ESA. Microcarb is a micro-satellite for measuring the absorption and release of CO2 into the atmosphere. NESS is a Nanosat demonstration mission to perform civilian radio frequency spectrum monitoring for interference.
Finally, launch service contracts for the Flex and Altius satellites have been signed with the European Space Agency for launch by 2025. Flex will monitor carbon cycles and agriculture for food security, while Altius will monitor the state of the ozone layer in the atmosphere.
These contracts highlight the credibility of Avio’s ability to execute and Vega’s restored performance track record, and on the one hand Vega C’s suitability to meet a wide range of customer requirements, and on the other side Avio’s commitment to supporting sustainability and improving life on earth through the most innovative space applications.
Additionally, Avio signed a new development contract with ESA in December 2021 for Vega C for a total value of around €50 million. This program will make it possible to pursue the technological optimizations and industrial rationalization of Vega C, in order to improve cost competitiveness.
Maiden flights of Vega C and Ariane 6 are scheduled for May 2022 and the second half of 2022 respectively, with the Avio team currently in French Guiana working on the final stages of preparation.
“The contracts signed between the end of 2021 and the beginning of 2022 confirm the intense work carried out by the Avio team, which has led to renewed market confidence in the Vega launchers. With the shipment of the Vega C elements to French Guiana, the launch campaign is nearing kick-off, with an expected launch in May 2022, while Ariane 6 is now very close to the launch of the second part of 2022” commented Giulio Ranzo, CEO of Avio.
CONTACT: Investor Relations
KEYWORD: EUROPE ITALY FRANCE
INDUSTRY KEYWORD: AEROSPACE SATELLITE MANUFACTURING ENVIRONMENT AIR OTHER SCIENCES TRANSPORTATION RESEARCH OTHER TECHNOLOGIES TELECOMMUNICATIONS SOFTWARE NETWORKS DATA MANAGEMENT SCIENCE TECHNOLOGY AGRICULTURE NATURAL RESOURCES OTHER MANUFACTURING ENGINEERING
Copyright BusinessWire 2022.
PUBLISHED: 01/21/2022 04:39 AM/DISC: 01/21/2022 04:39 AM
Copyright BusinessWire 2022.