Avio revenue rises 17.5% as defense solid-rocket work drives two-thirds of new backlog
Avio reported a 17.5% revenue increase and a 7.3% rise in adjusted EBITDA for the six months ended June 30. Two-thirds of its newly added backlog came from solid rocket motors for defense applications, while the company said additional funding is needed to increase Ariane 6 and Vega launch cadence.