Europe’s Aerospace Giants Forge Alliance to Challenge Satellite Dominance

A strategic shift is underway in Europe’s aerospace sector as major players unite to counter growing competition from international rivals. Leonardo, alongside Airbus and Thales, is advancing plans for a multi-billion euro joint venture that represents a coordinated response to the expanding influence of SpaceX and Chinese competitors in the satellite market.

Market insiders indicate that a preliminary framework agreement for the initiative, internally referred to as “Project Bromo,” could be finalized within weeks. The ambitious plan involves consolidating the satellite operations of all three corporations into a single entity with an estimated valuation approaching ?10 billion. This consolidation would immediately position the new venture among the industry’s most significant participants.

The accelerated timeline reflects mounting pressure on European... Read more...