The European Space Agency today committed 89.7 million euros ($106.7 million) split between a new advanced iteration of the Vega launcher and the successor to a spaceplane demonstrator that flew in 2015.
Speaking at Space Tech Expo Europe, Marc Valés, head of future programs at ArianeGroup, said that in addition to the existing cubesat standard, 50-kilogram-class nanosatellites should also be standardized.
Italian launch vehicle producer Avio has raised 60 million euros ($65.6 million dollars) by selling slightly over two thirds of the company’s shares on Italy’s stock exchange.
The recent German-Italian agreement to divide production of casings for the future Ariane 6 rocket’s strap-on boosters, which also serve as the first stage of the Italian-led Vega-C small-satellite launcher, was a victory for political harmony in Europe.
The European Space Agency’s ruling council on Nov. 3 gave what should be the final endorsement needed to free up development funds for the next-generation Ariane 6 launch after a compromise on work shares between Italy and Germany.