All verified mentions of this organization in source documents.
The project referred to by media sources as Project Bromo would combine the Space Systems and Space Digital businesses of Airbus and the Telespazio and Thales Alenia Space joint ventures of Thales and Leonardo.
The combined entity from Airbus, Thales, and Leonardo would employ approximately 25,000 people if current workforces are maintained.
Airbus, Thales, and Leonardo signed a memorandum of understanding to combine their space businesses into a single company.
Guillaume Faury is the Chief Executive Officer of Airbus, Roberto Cingolani is the Chief Executive Officer and General Manager of Leonardo, and Patrice Caine is the Chairman and Chief Executive Officer of Thales.
Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), leads the construction of both SpainSat NG II and SpainSat NG I with collaboration from Airbus Defence and Space.
Airbus, Thales, and Leonardo have signed a Memorandum of Understanding to merge their space businesses.
Thales will receive a 100-million-euro ($116 million) engineering contract for IRIS2, allowing it to halt planned job cuts in its space operations.
The combination of Airbus, Leonardo, and Thales is expected to generate mid triple-digit million euros of total annual synergies on operating income five years after closing.
Ownership of the new company will be shared with Airbus holding a 35% stake, and Leonardo and Thales each holding 32.5% stakes.
Airbus, Leonardo, and Thales signed a Memorandum of Understanding to combine their space activities into a new company.
Under the merger agreement, Airbus will hold 35% ownership of the new venture, while Leonardo and Thales will each hold 32.5%.
Employee representatives of Airbus, Leonardo, and Thales will be informed and consulted on this project as per applicable laws and collective agreements.
An agreement between Leonardo, Thales, and Airbus demonstrates their ability to ensure strategic autonomy for Europe in civil and defense purposes.
Airbus, Leonardo, and Thales signed a Memorandum of Understanding to create a leading European player in space.
Airbus, Leonardo, and Thales have signed a memorandum of understanding to combine their respective space businesses into a new company.
Leonardo and Thales will each hold a 32.5% stake, while Airbus will hold a majority stake of 35% in the new company.
The combination of Airbus, Leonardo, and Thales is expected to generate mid triple digit million euros in annual synergies on operating income five years after closing.
Airbus will own a 35 percent stake in the Bromo project, while Thales and Leonardo will hold 32.5 percent each.
Ownership of the new company will be shared as follows: Airbus 35 percent, Leonardo 32.5 percent, and Thales 32.5 percent.
The new company will combine the Space Systems and Space Digital divisions of Airbus Defence and Space, the Thales Alenia Space and Telespazio joint ventures of Leonardo and Thales, and Thales SESO from Thales.