Thales, Airbus, Leonardo Merger Talks Continue After Missed Deadline
Negotiations between Thales, Airbus, and Leonardo for a potential merger of their space activities continue, with no specific updates since October 2025. The companies missed a July deadline for a 'go/no-go' decision, and talks are ongoing despite expectations of a conclusion by the end of that month.
Thales Alenia Space has successfully redeployed 1,300 employees within the Thales group, avoiding any layoffs. Meanwhile, Airbus has taken significant charges on its space business, totalling 1.6 billion euros in 2024 alone. The proposed merger aims to combine satellite operations but excludes launch services, where the United States holds a significant lead due to greater private investment.
Airbus CEO Guillaume Faury envisions the merged space company to resemble MBDA, a successful European joint venture. Both Airbus and Thales are making strides in turning around their space businesses, suggesting a potential boost from a merger.
Despite the missed deadline and ongoing talks, the proposed merger of Thales, Airbus, and Leonardo's space activities remains on the table. The redeployment of Thales Alenia Space employees and progress in turning around the space businesses of Airbus and Thales indicate a commitment to the potential merger. The final decision and timeline remain uncertain, with no specific updates since October 2025.
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