Morningstar

Thales, Airbus, Leonardo Sign to Combine Space Activities into New Company

Provided by Dow Jones Oct 23, 2025, 5:40:00 AM

By Sarah Sloat

Airbus, Leonardo and Thales plan to combine their space activities into a new company aimed at strengthening Europe's strategic autonomy in space.

The company--combining the partners' satellite and space systems manufacturing and space services--will employ around 25,000 people and have an annual turnover of about 6.5 billion euros, equivalent to $7.55 billion, the companies said Thursday.

Airbus, Leonardo and Thales will own 35%, 32.5% and 32.5% stakes respectively, and have joint control. They expect the new company to be operational in 2027.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

October 23, 2025 01:40 ET (05:40 GMT)

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