Tag: Leonardo S.p.A.

BusinessManufacturingTechnology

European Aerospace Giants Form Satellite Alliance to Challenge SpaceX Dominance

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.

by Jessica Moore P.E.
AerospaceBusinessEurope

European Aerospace Giants Near Landmark Space Merger to Counter SpaceX Dominance

Three European aerospace leaders are finalizing a landmark merger of their space businesses to create a unified champion capable of competing with SpaceX. The combined entity would span 30 sites with 25,000 employees and €6.5 billion in annual revenue, according to reports.

European Space Consolidation Reaches Critical Phase

Europe’s aerospace industry is poised for a transformative consolidation as Airbus, Thales, and Leonardo near agreement on merging their space businesses, according to people familiar with the discussions. The landmark deal aims to create a unified European space champion capable of competing in a market increasingly dominated by Elon Musk’s SpaceX and its Starlink satellite network.

by Michael Turner