Mare Group signs EUR 8.3 million three-year UAV engine kit supply deal

Reuters2026/07/28 04:54

By:Reuters

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Mare Group signed a three-year framework agreement worth about EUR 8.3 million with a new Italian aerospace and defense customer.
Contract covers engineering design, prototyping, machining, component supply, and delivery of more than 6,000 engine kits for uncrewed aircraft.
Revenue expected to be evenly spread across the three-year term.
Execution will involve CTMAVIO, which Mare Group agreed to acquire on July 24, with closing expected by Nov. 15, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mare Engineering Group S.p.A published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 20318_170225_2026_oneinfo.pdf), on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mare Group signs EUR 8.3 million three-year UAV engine kit supply deal

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