The idea for such a venture arose during the rapid growth of Starlink, which is moving towards low-Earth orbit with low-cost satellites. European companies are facing the problem of scalability of their satellite business and heavy losses. It is assumed that the combined structure will combine the assets of the three companies and that none of them will acquire the others.
The project is still in its early stages and may take years to be implemented. However, he is already far from empty talk, and representatives of the Leonardo company, including CEO Roberto Cingolani, confirmed that the structure of the new enterprise will be similar to MBDA, but with possible differences in management.
Simultaneously with these discussions, Airbus and Thales are also preparing for layoffs. Airbus said it plans to cut up to 2,500 jobs in its defense and space division by 2026. Thales also plans to lay off around 1,300 employees, raising concerns in countries where the companies operate.
Source: Ferra
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