Avio rises on deal with Lockheed Martin to expand solid rocket motor production

Investing.com -- Avio shares jumped more than 5% after the company announced a strategic cooperation agreement with Lockheed Martin to expand solid rocket motor (SRM) production in the U.S. The agreement was announced at the AUSA Annual Meeting 2026. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now » The collaboration will focus on producing solid rocket motors for the Extended Range GMLRS and Precision Strike Missile programs after qualification. Production will take place at Avio USA's facility in Hurt, Virginia, and the agreement will give Lockheed Martin access to a portion of Avio's supply capacity for these programs.