Netherlands-headquartered Airbus, Italian company Leonardo and French company Thales announced that they have signed a letter of intent to create a leading European company in space.
The statement noted that Airbus, Leonardo and Thales intend to combine their space activities into a new company.
By joining forces, Airbus, Leonardo and Thales aim to strengthen Europe's strategic autonomy in space, an important sector that forms the basis for critical infrastructure and services related to telecommunications, global navigation, earth observation, science, exploration and national security. “This new company also aims to serve as a trusted partner in the development and implementation of national space programs.” The expression was used.
The statement noted that the new company will bring together comprehensive technologies and solutions including space infrastructure and various services in this area, adding: “The new company could begin operations in 2027, subject to regulatory approvals and other closing conditions.” Information was included.
The statement said the new company, whose name was not disclosed, will accelerate innovation in a strategic area such as space, creating a unified, integrated and resilient European company of critical scale that can compete on a global scale and grow in export markets.
The statement said that the company will create a strong and competitive structure worldwide, employ around 25,000 people across Europe and that annual sales are expected to be around 6.5 billion euros.
The statement noted that Airbus will hold 35 percent of the shares in the new company, Leonardo 32.5 percent and Thales 32.5 percent. “The company will operate under common control with a balanced management structure among shareholders.” The statement has been attached.
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