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ESA Awards €350M to Avio for Vega C Boost and Vega E Development

Dec 19, 2024over 1 year ago

Contract Type

contract

RushmoorInformation TechnologyGovernment

Description

The European Space Agency has awarded Avio two contracts worth a total of €350 million to boost the launch cadence of Vega C and to complete the development of the company’s next-gen Vega E rocket. The Vega E rocket is expected to be introduced in 2027 and is designed to deliver payloads of up to three tonnes to low Earth orbit, representing a 30% increase in payload capacity compared to its predecessor, Vega C.

Company Information

Company

Raytheon and Avio

Location

Rushmoor, England, United Kingdom

About

Raytheon is a leading provider of defense solutions to help the U.S. government, our allies and partners defend. Avio is a leader in propulsion technology.

Predictive Intelligence
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Based on industry data
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.