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Business/Financial

Raytheon and Italy’s Avio Sign Solid Rocket Motor Agreement

Frank Wolfe

Wednesday, July 24th, 2024

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Raytheon and Italy’s Avio Sign Solid Rocket Motor Agreement

Pictured are U.S. Ambassador to Italy Jack Markell and Avio CEO Giulio Ranzo (Avio Photo)

RTX's [RTX] Raytheon business and Italy-based Avio said at England's Farnborough Air Show on July 23 that they have signed a contract to develop military solid rocket motors and bolster the U.S. defense industrial base for the latter. "The contract furthers the systems engineering work required to mature these solid rocket motors into a production-ready state," Raytheon said. Avio said that it has more than 1,300 workers engaged in space launcher and defense solid rocket motor work and that it…

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