Europe's Big Three Aerospace Manufacturers Combine Their Space Divisions

Airbus, Leonardo, and Thales are joining forces to create a major European space company. The new French-based venture, anticipated to be operational by 2027, seeks to establish European leadership in the space sector. The merger will integrate the space divisions of the three companies. Airbus will have a 35% stake, while Leonardo and Thales each hold 32.5%. The company will have a large workforce of approximately 25,000 employees. A primary objective is to boost Europe's technological independence in space and security. The collaboration aims to compete with SpaceX, particularly its Starlink network. The joint entity plans to streamline satellite development and manufacturing processes. Existing facilities and expertise across the home countries will be maintained. This new standalone company represents a significant investment in Europe's space future.