By signing the MoU, Airbus, Leonardo and Thales aim to join forces to strengthen Europe’s strategic autonomy in space, a major sector that underpins critical infrastructure and services related to telecommunications, global navigation, earth observation, science, exploration and national security.
The new company will pool, build and develop a comprehensive portfolio of complementary technologies and end-to-end solutions. The goal is to create a unified, integrated and resilient European space player, which will employ around 25,000 people across Europe, capable of competing globally and exploiting growth opportunities in international markets.