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Airbus, Thales, and Leonardo Plan Major Space Merger

10/23/2025

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Summary

Story summary

Airbus SE, Leonardo S.p.A., and Thales S.A. sign a Memorandum of Understanding to merge space activities into a new entity.
The venture is planned to launch in 2027 and would employ about 25,000 people with €6.5 billion in annual turnover.
Airbus SE would own 35 percent, while Thales S.A. and Leonardo S.p.A. would each own 32.5 percent.
The French Ministry of Finance welcomed the initiative.

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Story summary

Airbus SE, Leonardo S.p.A., and Thales S.A. sign a Memorandum of Understanding to merge space activities into a new entity.
The venture is planned to launch in 2027 and would employ about 25,000 people with €6.5 billion in annual turnover.
Airbus SE would own 35 percent, while Thales S.A. and Leonardo S.p.A. would each own 32.5 percent.
The French Ministry of Finance welcomed the initiative.