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Press release
CONTRACT SIGNED BETWEEN AVIO AND MBDA ITALIA FOR THE SUPPLY OF ROCKET MOTORS FOR CAMM-ER MISSILES
Colleferro (Rome), December 4, 2024 – Avio S.p.A. ("Avio" or the "Company") signed a contract with MBDA Italia S.p.A. (“MBDA Italia”) for the supply by Avio of rocket motors for CAMM-ER (Extended Range) missiles manufactured by MBDA.
This contract, amounting close to EUR 150 million, together with the supply of the motors, also provides for some technological transfer activities related to part of manufacturing and integration processes of such motors.
The contract represents a significant related party transaction, according with CONSOB Regulation n. 17221 of March 12, 2010 (the “RPT Regulation”), adopted in the “Related Party Transactions Policy” approved by Avio’s Board of Directors in its latest version on January 26, 2024 (the “RPT Policy”).
The signing of the contract has been approved by the Board of Directors of Avio on November, 20 2024, following the favorable opinion on the interest of the Company in the contract, in addition to the benefit and substantial correctness of the relative conditions, expressed by the Related Parties Committee according to the RPT Regulation and the RPT Policy.
Further details about the transaction are available in the Disclosure Document prepared pursuant to art. 5 of the RPT Regulation, available to the public at the registered office at via Bissolati 76, Rome, on the Company's website (www.avio.com, Section "Corporate Governance”) and at the authorized storage mechanism "eMarket STORAGE" (www.emarketstorage.com).