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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. Avio is the prime contractor for Vega C, which will have the same first-stage booster as the Ariane 6 strap-on side boosters. Avio said the new loan will help the company expand its industrial capacity at its plant in Colleferro, Italy, to meet anticipated production volumes. The financing follows a 40-million-euro loan Avio received from the European Investment Bank in 2017, and has the same conditions, Avio said. [Avio]
Iridium has launched a new suite of connectivity products and services that use its new, $3 billion Iridium Next satellite constellation. Iridium’s Certus broadband service provides L-band connectivity for voice and data services, starting with maritime and land applications. Iridium Certus solutions for aviation are expected later this year. Iridium expects Certus revenue to reach approximately $100 million by the end of 2021. Satellite terminal manufacturers Cobham, Thales, Collins Aerospace, L3, Gogo and Satcom Direct are building Iridium ...