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Three European defense and aerospace leaders have finalized an agreement to merge their satellite operations into a single joint venture. The consolidation aims to create a stronger European competitor in the rapidly evolving space industry against established players like SpaceX.

Major European Aerospace Consolidation

Three of Europe’s largest aerospace and defense companies have reached a preliminary agreement to combine their satellite operations, according to reports from the companies. Sources indicate that Airbus SE, Leonardo SpA, and Thales SA have sealed the long-awaited deal after months of three-way negotiations, creating what analysts suggest could become a significant European competitor in the global space market.