The head of Italian rocket manufacturer Avio assured customers Nov. 19 that the company was working hard to return Vega to service following the rocket’s second failure in its last three launches.
Since 60% of Avio’s revenue comes from manufacturing, the French government’s March 16 decision to suspend launches from the Guiana Space Center shouldn’t impact revenues as long as Europe’s South American spaceport reopens within two to three months, Ranzo said.
The European Space Agency is preparing to allocate a few million euros to ensure Vega doesn’t have any repeats of its July launch failure, an agency official said Nov. 20.
Avio CEO Giulio Ranzo said during a Nov. 7 earnings call, said Vega is on track for a return to flight by March, though what payload will launch on the mission is still to be determined.
Investigators think Vega’s failure originated in the forward dome area of the Zefiro-23, the second of three solid-fueled stages the rocket expends to deliver satellites to orbit.
The fifteenth launch of a European Vega rocket ended in failure July 10, resulting in the loss of an imaging satellite for the United Arab Emirates.
Giulio Ranzo, CEO of Avio, the Colleferro, Italy, company that builds the Vega and future Vega C rocket, said the ESA council session included missions for both Avio-built rockets during the transition years to Vega C.
Avio, the company that builds Europe’s light-lift Vega rocket and the future Vega C, reported a double-digit jump in revenue for its first full year as a publicly traded company.
Developers of small launch vehicles, who have promoted their vehicles as providing dedicated access to space for small satellites, say they’re also open to flying rideshare missions as they face competition from larger rockets.
Italian rocket builder Avio is borrowing 10 million euros from the European Investment Bank. The funds will support new space propulsion technologies for Europe’s next-generation Vega C and Ariane 6 launchers, the company said.