Airbus, Thales, and Leonardo Join Forces in a Toulouse-Based Venture Set for 2027
According to Reuters, Europe has taken a major step toward strengthening its position in the global satellite communications race, as Airbus, Thales, and Leonardo reached a landmark deal to merge their satellite manufacturing and services divisions.
The new Toulouse-based venture, set to launch operations in 2027, marks the most ambitious consolidation of Europe’s aerospace industry since the creation of missile manufacturer MBDA in 2001. The goal: to build a European competitor capable of rivaling Elon Musk’s Starlink, the massive low-Earth orbit satellite network operated by SpaceX.
Read full article here: turnovernews.com
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Photo: Economica
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