Europe’s Aerospace Ambition Takes Shape with Leonardo-Led Satellite Venture

A pivotal strategic development is underway at Italian aerospace and defense leader Leonardo. The company is engaged in advanced negotiations with European counterparts Airbus and Thales to form a multi-billion euro satellite alliance. This collaborative effort could potentially establish a formidable European entity capable of competing on the global stage, particularly against dominant players like SpaceX.

Codenamed “Project Bromo,” this initiative aims to consolidate the satellite operations of these three industrial giants into a single joint venture with an estimated valuation of approximately ?10 billion. The objective is to establish a France-based enterprise with equal partnership among the members, creating a stronger competitive force. European Union antitrust authorities are already reviewing the proposal, signaling the significant geopolitical and market implications of... Read more...