Avio SpA announces that its subsidiary Avio USA has chosen Virginia as the location for the new advanced manufacturing facility for the production of solid-propellant rocket motors for defense, tactical propulsion, missile systems, and space sectors.

The investment for the planned 860,000 square feet facility will amount up to approximately USD 500m, and will be also supported by Avio’s recently announced € 400m capital increase. Final approvals and the site selection announcement are expected early next year.