Avio and Lockheed Martin Sign Term Sheet to Support the Establishment of a New Plant for Solid Rocket Motors in the USA

Core Points - Avio and Lockheed Martin have signed a non-binding term sheet to establish a solid rocket motor facility in the USA, which will serve as a vertically integrated merchant supplier [1] - Lockheed Martin will have preferred access to a portion of the production capacity at the Avio USA plant to enhance supply chain resilience for tactical and strategic solid rocket motors [2] - The collaboration aims to increase production capabilities and deliver essential propulsion systems faster to meet growing global demand [3] Company Overview - Avio is a leading international group specializing in the manufacturing and development of space launchers and various propulsion systems, with over 50 years of experience in the sector [6] - Avio USA Inc. operates under US security and export-control regulations, led by retired US Navy Vice Admiral James Syring [8] Strategic Importance - The establishment of the Avio USA SRM facility is a significant milestone in Avio's growth strategy, enhancing international relationships in the aerospace and defense sector [4] - The partnership with Lockheed Martin solidifies Avio's status as a trusted partner and merchant supplier for solid rocket motors in the U.S., contributing to the resilience of the American defense supply chain [5]