European Aerospace Giants Explore Feasibility of Space Alliance

European aerospace companies Leonardo, Thales, and Airbus are exploring the feasibility of a space alliance under the 'Project Bromo,' aiming at establishing a joint space company. This initiative, expected to conclude assessments by the end of July, seeks to bolster Europe's position against competitors like Elon Musk's Starlink.

European aerospace powerhouses Leonardo, Thales, and Airbus are investigating the potential of forming a space alliance, as confirmed by Leonardo CEO Roberto Cingolani at the Paris Airshow.

Under the code name "Project Bromo," the undertaking aims at establishing a new joint space company. The project is named after an Indonesian volcano, symbolizing explosive potential and ambition.

The strategic move is seen as Europe's effort to strengthen its competitive stance against major players like Elon Musk's Starlink. A decision on the feasibility is expected by the end of July.

(With inputs from agencies.)