Annual Report

The report describes Avio Group's resilience during COVID-19, including continued industrial operations, three Ariane 5 launches and Vega's VV16 return-to-flight, while VV17 failed. Consolidated net revenues were Euro 322.0 million net of pass-through revenues, and year-end employees numbered 950. R&D spending reached Euro 149.4 million, equal to 42.5% of gross consolidated revenues, with development continuing on Vega-C, Vega-E and Space Rider.