Efforts to form a major new European satellite manufacturer involving Airbus (EU:AIR), Thales (EU:HO), and Leonardo (BIT:LDO) have stalled, according to French newspaper La Tribune.
The discussions, ongoing for several months, aimed to create a European venture better positioned to compete with Elon Musk’s SpaceX in satellite production. While momentum reportedly built last week, the talks ran into a significant obstacle.
The primary sticking point concerns the allocation of workshare among the three aerospace firms, La Tribune reported. Thales and Leonardo, which co-own Thales Alenia Space—Airbus’ main competitor in satellite manufacturing—have requested more time to resolve these disagreements.
If successful, the venture would represent a major consolidation in Europe’s space sector, as companies look to bolster their competitiveness amid rising international pressure.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply