Lockheed Martin and Avio Announce Strategic Cooperation Agreement for Solid Rocket Motor Production

Tim Cahill, President of Lockheed Martin Missiles and Fire Control

“A reliable and diverse supply chain for solid rocket motors is fundamental to our strategy for a stronger defense industrial base. This strategic cooperation agreement with Avio enables us to speed up production of essential capabilities, ensuring our customers maintain their competitive edge against emerging threats”

James Syring, CEO of Avio USA

“This agreement is a major milestone for Avio USA and for the facility and team we are building in Virginia. The Lockheed Martin programs contribute to a strong foundation for the factory operations. It gives us tremendous momentum as we continue construction, grow our U.S. workforce and prepare to begin manufacturing.”

Giulio Ranzo, Chief Executive Officer of Avio

“Avio has launched an investment of over $500M in new production capacity for SRMs in the United States with a view to become a merchant supplier to the various defense customers. In this context, Avio is excited to be able to support Lockheed Martin in their effort to increase production volumes and resiliency and will put all its expertise at work to accelerate towards this goal.”