Tag: Thales Group

BusinessManufacturingTechnology

European Aerospace Giants Forge Alliance to Compete With SpaceX Dominance

Three of Europe’s largest aerospace manufacturers are merging their space businesses to create a unified technology company. The joint venture aims to challenge SpaceX’s dominance through combined innovation and operational synergies.

Major European Space Consolidation

Three of Europe’s leading aerospace and defense manufacturers have agreed to combine their space operations into a single entity that reportedly aims to compete with Elon Musk’s SpaceX, according to joint statements from the companies. Airbus, Leonardo and Thales are creating what sources indicate will become one of Europe’s largest space technology companies with approximately €6.5 billion in annual revenue.

by Darren Holt
BusinessManufacturingTechnology

European Aerospace Giants Airbus, Leonardo, Thales Target 2027 for Major Satellite Venture Launch

Three of Europe’s largest aerospace and defense companies are joining forces to create a new satellite manufacturing entity. The venture, set to launch in 2027, aims to achieve critical mass and significant cost savings in a rapidly changing market.

Major European Satellite Merger Set for 2027

Three European aerospace and defense titans—Airbus, Leonardo, and Thales—are moving forward with plans to consolidate significant portions of their space operations, with the new joint venture reportedly scheduled to commence in 2027. According to the companies’ announcement, this strategic move is designed to create a more competitive entity capable of addressing fundamental shifts in the global satellite market.

by Darren Holt
BusinessInnovationTechnology

European Aerospace Giants Forge Space Alliance to Challenge SpaceX Dominance

Three European aerospace leaders have agreed to merge their space businesses into a new entity employing 25,000 people. The collaboration aims to generate significant cost savings and improve competitiveness against SpaceX’s growing influence in satellite communications.

Major European Space Consolidation

Three of Europe’s largest aerospace and defense companies have reached a landmark agreement to combine their space operations, according to reports from industry sources. Airbus, Leonardo, and Thales have signed a memorandum of understanding to create a new entity specifically designed to strengthen Europe’s position in the global space market, which has been significantly disrupted by Elon Musk’s SpaceX.

by Oliver Keaton