Airbus, Thales, Leonardo in Talks to Merge Satellite Businesses
European aerospace giants Airbus, Thales, and Leonardo are in advanced talks to merge their satellite businesses, aiming to create a 'European champion' to rival American competitors like Starlink and American Airlines. The negotiations, involving Airbus Space Systems, Airbus Intelligence, Thales Alenia Space, and Leonardo's space division, are expected to take several more weeks before a framework agreement is reached.
The proposed combination, which could take up to two years to complete, is subject to regulatory reviews. Due diligence reviews and planning for antitrust assessments in Europe are underway. A key milestone, the 'go/no-go' decision, was anticipated by the end of July but has not been officially announced yet. Despite the delay, executives from the three companies remain committed to the merger, with Airbus CEO Guillaume Faury reaffirming his support for the project.
The consolidation of these European space industry heavyweights aims to strengthen Europe's position in the global space market. If successful, the merger could significantly enhance the combined entity's competitive edge against American rivals like Starlink and American Airlines. However, the process is complex and time-consuming, with regulatory hurdles yet to be cleared.
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