Reported 3 months ago
Airbus is set to announce a restructuring plan for its struggling Space Systems division in September, while simultaneously exploring consolidation talks with companies like Leonardo and Thales. The move comes as Airbus grapples with substantial financial losses and aims to develop a new strategy in the face of rising competition from small satellite providers. CEO Guillaume Faury has indicated a focus on creating scale in the defense and space markets as traditional models face disruption.
Source: YAHOO