Reported about 7 hours ago
Thales, Airbus, and Leonardo are making strides toward forming a €10 billion joint venture focused on satellite manufacturing, aiming to compete with U.S. and Chinese rivals, particularly Elon Musk's Starlink. After overcoming past disagreements on governance and valuation, the companies are optimistic about signing a memorandum of understanding by the end of September, although final agreements will require political approval due to the sensitive nature of the technology involved. This venture is part of a broader strategy to strengthen Europe's aerospace sector amid rising geopolitical tensions.
Source: YAHOO