# Who are Avio's customers? Who does Avio earn revenue from?
Canonical: https://valuechain.wiki/avio · Facet: customers · Updated: 2026-07-12T05:40:01.330546+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Avio's confirmed revenue counterparties include ArianeGroup, ArianeGroup, RTX plus 3 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 6 revenue edges, backed by 8 dated sources, 1 of them primary filings (as of 2026-07-12).

### ArianeGroup (high)  → /arianegroup.md
- metric: Contract value €200M · ~2029 · Ariane 6 P120C/P160C stabilized production contract (Avio share)
- note: Avio supplies P120C/P160C solid boosters for Ariane 6's stabilized production phase under a contract with ArianeGroup (over €200M for Avio, through 2029); ArianeGroup is a booster revenue customer for Avio.
- [confirms] Avio (EN, ir, published 2025-11-17) https://www.avio.com/press-release/avio-and-arianegroup-sign-contract-ariane-6-stabilized-production-phase-valued-over: "The contract secures the production of the P160C for the next years up to 2029 and is an important milestone for Ariane 6."

### ESA·유럽 기관 (Vega) (high)
- note: ESA and European governments are the primary customers for Vega C development/launch and institutional missions; Vega C production activity is a core driver of FY2025 revenue growth (+22.7%) and most of the €2,166M backlog is institutional. Contract-level value not disclosed.
- [confirms] Avio S.p.A. (EN, filing, published 2026-03-12) https://www.avio.com/press-release/fy-2025-results-record-high-order-backlog-and-revenues-growth-path-continue-2026: "Net Revenues, amounting to EUR 542 million ... scored a +23% growth compared to 2024, driven by Vega C production activities, P120C/P160C booster production for Ariane 6, as well as to the growth in the defense business."
- [mentions] European Space Agency (EN, news, published 2024-07-05) https://www.esa.int/Enabling_Support/Space_Transportation/Vega/ESA_Council_decisions_set_the_stage_for_more_diverse_European_launch_services: "Arianespace will remain the launch service provider and operator for Vega and Vega-C launch services until Vega flight 29 (VV29), scheduled for the fourth quarter of 2025."

### 아리안그룹 (high)  → /arianegroup.md
- note: Ariane 6's P120C/P160C solid boosters are integrated by Europropulsion, the 50:50 ArianeGroup-Avio JV, with motors built at Avio's Colleferro plant. A Nov 2025 stabilised-production contract runs to 2029 (EUR 200M+ for Avio), which also supplies Vulcain oxygen turbopumps.
- [confirms] European Space Agency (EN, ir, published 2025-11-21) https://www.esa.int/Enabling_Support/Space_Transportation/Ariane/Ariane_6_made_in_Italy: "Europropulsion develops the P120C and P160C solid motors, manufactured at Avio's Colleferro facility."
- [confirms] Avio (EN, ir, published 2025-11-17) https://www.avio.com/press-release/avio-and-arianegroup-sign-contract-ariane-6-stabilized-production-phase-valued-over: "Covers production of P120/P160 boosters and oxygen turbopumps to 2029; order intake for Avio exceeds EUR 200M."

### MBDA (mid)
- metric: Contract value €35M · 4년 · Aster 30 solid motor and aero-surface production order
- note: Defense solid rocket motor customer. Under a framework with MBDA, Avio signed a production order for solid-propellant motors and aerodynamic surfaces for the Aster 30 system (over €35M, four years); Avio also designed/qualified the CAMM-ER missile motor.
- [confirms] Economia dello Spazio (IT, news, published 2026-06-22) https://www.economiadellospazio.it/aster-30-avio-ordine-mbda: "The supply comprises solid-propellant rocket motors and aerodynamic surfaces."

### Leonardo (mid)  → /leonardo.md
- metric: Ownership stake 19.3% · Leonardo shareholding in Avio
- note: Leonardo is Avio's largest shareholder with a 19.30% stake (reduced from the original 28.75% through the Oct–Nov 2025 capital increase).
- [confirms] Leonardo (EN, ir, published 2025-11-11) https://www.leonardo.com/en/press-release-detail/-/detail/11-11-2025-leonardo-subscription-to-avio-s-capital-increase-completed: "Leonardo's shareholding in Avio now stands at 19.30%, down from the original 28.75%."

### RTX (mid)  → /rtx.md
- note: Development contract with RTX's Raytheon for defense solid rocket motors (Jul 2024) and an MoU to establish a new U.S. SRM facility (Nov 2025); Raytheon gets preferred access to the new capacity.
- [confirms] RTX (EN, ir, published 2025-11-10) https://www.rtx.com/news/news-center/2025/11/10/rtxs-raytheon-avio-sign-mou-to-establish-new-solid-rocket-motor-facility-in-the: "RTX's Raytheon, Avio sign MoU to establish new solid rocket motor facility in the U.S."
- [confirms] RTX (EN, ir, published 2024-07-23) https://www.rtx.com/news/news-center/2024/07/23/rtxs-raytheon-partners-with-avio-to-build-a-more-resilient-u-s-defense-industri: "Raytheon, an RTX business, signed a contract with Avio (AVIO.MI) to initiate and progress the development of critical solid rocket motors for defense applications."

### Arianespace (mid)  → /arianegroup.md
- note: Historically the commercial launch-service provider for Vega/Vega C; following the Aug-2024 ESA decision, commercialization transfers to Avio from 2025 and Arianespace operates only through VV29 (Q4 2025), a diminishing/transitioning relationship. Value not disclosed.
- [confirms] Space Intel Report (EN, news, published 2025-07-11) https://www.spaceintelreport.com/avio-to-take-over-vega-commercial-sales-from-arianespace-in-late-2025-4-small-launchers-get-formal-access-to-europes-spaceport/: "Avio to take over Vega commercial sales from Arianespace in late 2025; 4 small launchers get formal access to Europe's spaceport."

Reverse side: https://valuechain.wiki/avio/suppliers.md · Ripple: https://valuechain.wiki/avio/ripple.md

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Full node: https://valuechain.wiki/avio.md · JSON: https://valuechain.wiki/avio.json