Reported about 5 hours ago
European aerospace companies, including Airbus, Thales, and Leonardo, have announced a merger plan to consolidate their satellite manufacturing operations in response to the growth of competitors like Starlink. This new venture, expected to launch in 2027 pending regulatory approval, will employ 25,000 people and generate significant annual revenue. The merger aims to enhance Europe's strategic autonomy in space and improve operational synergies while maintaining a balanced governance structure. Despite previous challenges in negotiations, the deal marks a significant step for European satellite manufacturers.
Source: YAHOO