Reported about 4 hours ago
Europe's aerospace leaders, including Airbus, Thales, and Leonardo, are finalizing plans for a merger aimed at creating a new satellite manufacturing giant to compete with Elon Musk's Starlink. Although the announcement for the merger was delayed by a day due to final legal reviews, insiders indicate that the deal is likely to proceed without major obstacles. This merger is seen as essential for revitalizing Europe's fragmented satellite industry, moving towards a holding company structure that will take up to two years to establish following regulatory approvals.
Source: YAHOO