Airbus, Leonardo, and Thales have signed a Memorandum of Understanding to combine their space activities into a new company, aiming to strengthen Europe's strategic autonomy in the global space market and enhance innovation and competitiveness.

Information on the Target

The new company, formed through a collaboration between Airbus, Leonardo, and Thales, aims to consolidate their respective activities in satellite and space system manufacturing along with space services. This strategic initiative establishes a strong foundation for a prominent European player in the global space market, slated to achieve operational status by 2027, pending regulatory approvals and the fulfillment of other necessary conditions.

This new entity is poised to generate substantial synergies, foster innovation, and deliver enhanced value to customers, shareholders, and employees. By leveraging the combined resources of the three companies, this organization will offer a comprehensive array of complementary technologies and solutions, enhancing Europe’s strategic autonomy in the crucial space sector.

Industry Overview in Europe

Europe's space industry plays a vital role in the global market, supporting various critical infrastructures and services essential for telecommunications, Earth observation, and national security. The collaboration between these leading aerospace and defense compa