European Aerospace Giants Airbus, Leonardo, Thales Forge Unified Space Venture
Three European aerospace titans have agreed to merge their space businesses into a unified joint venture. The combined entity aims to create a resilient European space competitor with global market ambitions.
Major European Space Consolidation
Three of Europe’s largest aerospace and defense companies have reportedly reached a landmark agreement to combine their space operations into a new joint venture, according to an October 23 announcement. Airbus, Leonardo, and Thales signed a memorandum of understanding to merge significant portions of their space businesses, creating what analysts suggest could become Europe’s premier space technology champion.