Italy's Avio will direct most of an upcoming capital hike to the development of a new U.S. facility, with the remaining funds aimed at boosting its European production capacity, the CEO of the rocket maker told Reuters on Thursday.
"We are in industries - the space and defence ones - that have a substantial imbalance between demand and supply so we decided to invest in capacity. Business is picking up even faster in the U.S., where there is high demand for missiles, essentially," CEO Giulio Ranzo said.
