New Italian Rocket Engine and Launch Vehicle Funded

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Avio secures Italian government funding for methane engine and small launch vehicle prototype

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WASHINGTON — Avio is moving ahead with efforts to develop a larger methane-fueled rocket engine and a prototype small launch vehicle with more than $300 million in funding from the Italian government.

Avio announced March 13 it formally signed contracts with the Italian government, working through the European Space Agency, for a combined 285.3 million euros ($308 million) for the two projects. The contracts, funded by Italy’s pandemic relief stimulus efforts, were first announced last summer.

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