Italian MOD complete order for six new P180 Avanti EVOs

CJI Summary

* Italian Government department finalises order for six new Avanti EVOs

* Order is worth approximately 55 million euros

* Piaggio is working hard to promote Avanti EVO in the private aircraft market

* Orderbook is now for 17 Piaggio Avanti EVO aircraft

EBACE Geneva, Switzerland – 24 May 2022 – Lorenzo Guerini, the Italian Minister of Defence, had announced an order last October and has now formalised the order.

Piaggio Aerospace, the Italian aircraft manufacturer currently attending EBACE, will provide the Italian Armed Forces with six new P.180 Avanti EVOs, which will add to the nine sold in December 2019 and currently under production.

“Today’s contract further improves the Company’s portfolio, just when the deadline for potential investors to submit the binding offers to purchase Piaggio Aerospace’s business assets is approaching,” said Piaggio Aerospace’s Extraordinary Commissioner Vincenzo Nicastro. “Meanwhile we are working actively on the private customers’ market, too, in order to consolidate their interest in our aircraft.2

The agreement – signed by the Directorate of Aeronautical Armaments and Airworthiness and Mr Nicastro – is worth approximately 55 million euro and requires the Company to produce and deliver the six aircraft within the next two years. The new Avanti Evo’s will be provided with those technical upgrades that had already been outlined in the previous contract and that are now in their very last stage of development or have already been fine-tuned by the Italian company’s engineers.

The purchase of these new Avanti Evo’s partially replaces the retrofitting of the eighteen P.180s currently in use by the Italian Carabinieri, Army, Navy and Air Force.

This agreement brings Piaggio Aerospace’s Avanti Evo order portfolio to 17 units, while the total backlog amounts approximately to 446 euros million as of 31 December 2021.