(Telestock) – AVIO signed a contract with Raytheon, a division of RTX, a leader in defense solutions for the U.S. government and its allies, to initiate and advance the development of defense solid rocket motors. The contract lays the foundation for the engineering work needed to begin production of these motors.
“This partnership with AVIO marks the commitment between our companies to work together to develop resilient and responsive solid rocket motor manufacturing,” said Bob Butz, vice president, operations and supply chain, Raytheon. “We will continue to develop and mature potential solid rocket motor solutions with Avio to ensure we can meet the long-term growing demand from our domestic and international customers.”
AVIO’s planned investments in resources and manufacturing capacity enable them to help meet immediate customer demand. Avio will be able to leverage the existing capabilities of its Italian manufacturing and engineering teams to support Avio USA’s growth and facilitate its solid rocket motor manufacturing strategy. Avio USA is a subsidiary of Avio in the United States and is headquartered in Arlington, Virginia.
“We are leveraging our past experience and track record in solid rocket motors to help expand manufacturing capacity and develop new product lines to meet growing demand,” said Giulio Ranzo, CEO of Avio. “Avio and Avio USA look forward to working with Raytheon to build a more resilient U.S. defense solid rocket motor industrial base.”