Space Giants Unite: Airbus, Thales, and Leonardo Merger

Airbus, Thales, and Leonardo are reportedly close to finalizing a merger of their space businesses. According to the Financial Times, the agreement would grant Airbus a 35% stake, while Thales and Leonardo would each hold 32.5%. Reuters has yet to verify this information.

In a major development in the aerospace industry, Airbus, Thales, and Leonardo are on the brink of merging their space divisions. This news, first reported by the Financial Times on Tuesday, highlights significant strategic consolidations among key players in the space sector.

The proposed merger would result in Airbus acquiring a 35% share in the collective venture, while Thales and Leonardo would each take a 32.5% stake. The restructuring aims to strengthen their competitive edge in the growing space market.

While the Financial Times cites insiders as the source of the information, Reuters has yet to independently confirm the details of the merger, leaving room for further developments and official announcements.

(With inputs from agencies.)