A new major player is emerging in Europe’s space industry. Airbus, Leonardo and Thales have signed a memorandum of understanding to combine their space-related businesses into a single company, expected to become operational by 2027.
The joint venture will employ around 25,000 people across Europe, with estimated annual revenues of €6.5 billion and an order backlog covering more than three years of activity. Ownership will be split among Airbus (35%), Leonardo (32.5%) and Thales (32.5%), under a balanced governance model ensuring joint management.
Airbus will contribute its Space Systems and Space Digital units from Airbus Defence and Space. Leonardo will add its Space Division, including stakes in Telespazio and Thales Alenia Space, while Thales will bring its holdings in Thales Alenia Space, Telespazio, and Thales SESO.
Airbus CEO Guillaume Faury, Leonardo CEO Roberto Cingolani and Thales CEO Patrice Caine described the partnership as “a decisive step toward creating a European space champion capable of competing globally and strengthening Europe’s industrial and technological autonomy.”
By pooling expertise, resources and R&D capabilities, the new venture aims to accelerate innovation, generate growth and deliver greater value to clients and stakeholders. Employees are expected to benefit from expanded career opportunities within one of the most ambitious collaborations in Europe’s aerospace history.